Lopez majority cites trust breakdown in Piki ouster

MANILA, Philippines – The Lopez family majority said a breakdown in trust drove the removal of Federico “Piki” Lopez as president, reframing a dispute earlier centered on controversial deal terms. In a new statement, the group said it had “lost trust and confidence” in Piki, citing a lack of transparency in major transactions. READ: lopez-inc-family-feud-explodes-into-leadership-battle