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SC dismisses Nieto suit Benjamin B. Pulta 04/15/2012

Sunday, April 15, 2012

SC dismisses Nieto suit

Benjamin B. Pulta 04/15/2012


The Supreme Court (SC) has dismissed for being moot a petition filed by the family of former Ambassador Manuel Nieto Jr. in connection with a corporate dispute over the control of the Philcomsat Holdings Corp. (PHC).

In its resolution the high court through Associate Justice Jose Perez ruled that the petition filed by Nieto be”dismissed for being moot and academic,” citing among others a Memorandum of Understanding (MoU) signed by the Nieto Group and the Africa Group in the company.

Associate Justice Antonio Carpio, Arturo Brion, Ma. Lourdes Sereno and Bienvenido Reyes concurred..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/metro/20120415met1.html

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