THE Regional Trial Court of Mandaluyong City has dismissed with prejudice an indirect contempt petition filed by Lopez Holdings Corp. Chairman Federico “Piki” Lopez against several company directors and officers over alleged violations of court orders linked to a separate corporate leadership dispute.
In a disclosure to the stock exchange on Wednesday, Lopez Holdings said the court issued an order dated Oct. 26, 2026, granting with prejudice the joint motion filed by the respondents to dismiss the complaint.
Piki’s petition, filed on April 10, sought to hold certain directors and officers of Lopez Holdings in indirect contempt of court for allegedly willfully violating court orders dated March 11 and March 16 concerning a temporary restraining order issued in a separate case involving Lopez Inc.
The respondents were Lopez Holdings directors Rafael Lopez, Martin Lopez, Michael Jack Garcia and Salvador Tirona, as well as corporate secretary Enrique Quiason and assistant corporate secretary Maria Amina Amado.
Piki filed the petition in his capacity as president of Lopez Inc. to challenge board resolutions adopted on Feb. 27 removing him as president and electing his replacement.
The dispute extended to Lopez Holdings' nomination of directors to First Philippine Holdings Corp. (FPH). During a special board meeting on March 26, Lopez Holdings' board voted to submit two competing lists of nominees, one provided by Federico Lopez and another by Maria Teresa Lopez, for FPH's consideration.
Piki Lopez subsequently filed the contempt petition against the four directors who voted in favor of submitting both lists, along with the company's corporate secretary and assistant corporate secretary. He alleged that their actions violated the court orders issued in the separate case.
The dispute prompted FPH to defer its annual stockholders' meeting amid the legal proceedings.
In May, the majority bloc of Lopez Inc. withdrew its Feb. 27 resolution removing Piki as president and chief executive officer, saying the move would provide an opportunity for family members to reassess their positions and explore a compromise.
Lopez Holdings had clarified in an earlier disclosure that it was not a party to the case involving Lopez Inc. and that the court orders did not name the listed holding company. In its disclosure on Wednesday, it said the case had “no effect on its business or operations.” The company’s shares slipped P0.15, or 3.26 percent, to close at P4.45 each amid a 1.87 percent drop for the benchmark Philippine Stock Exchange index.