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Willie posts P426 million bond in contract case

- Reinir Padua () - October 29, 2010 - 12:00am

MANILA, Philippines – Television host Willie Revillame posted a P426-million surety bond Wednesday before a court that required it while his case against ABS-CBN is still being heard.

Revillame’s counsel said the host was able to post the amount through a bond corporation on Oct. 27, the deadline given by the court.

Quezon City Regional Trial Court Branch 84 Judge Luisito Cortez last week ordered Revillame to post a bond of P426,917,646.96 representing the principal counterclaim amount being sought by ABS-CBN.

Revillame, who has a new show on TV5, had asked the court to confirm his decision to end his contract with his former mother network and sought P11 million in damages.

ABS-CBN, in response, sued Revillame for P426 million for allegedly breaching his contract, which was valid until 2011.

ABS AMOUNT BOND CBN COURT JUDGE LUISITO CORTEZ MILLION P426 QUEZON CITY REGIONAL TRIAL COURT BRANCH REVILLAME WILLIE REVILLAME
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