THE Court of Appeals (CA) has affirmed a ruling that ordered Philharbor Ferries and Port Services, Inc. to pay its former chief operating officer (COO) P300,000 in moral damages P200,000 in exemplary damages and P100,000 in lawyer fees.
THE Court of Appeals has affirmed a ruling that ordered Philharbor Ferries and Port Services, Inc. to pay its former chief operating officer P300,000 in moral damages P200,000 in exemplary damages and P100,000 in lawyer fees.
In a 24-page decision dated Dec. 19, the CA Fifth Division said the firm failed to prove that its former executive Francis C. Carlos acted in bad faith in directing its corporate affairs. The tribunal added that the firm’s filing of a civil action against the COO harmed his reputation in the shipping and maritime industry.
He was also authorized by Philharbor to approve capital expenses for the repair and maintenance of its ships.The case stemmed from Philharbor’s claim that Mr. Carlos acted negligently in approving certain capital projects expenses that “caused damage and prejudice” to the firm.
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