EANS-Adhoc: Fortune Management Inc. / Fortune wins HLSP Holding case in Supreme Court
17.02.2010 | 11:32 Uhr-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
17.02.2010
17 February 2010 - Fortune Management Inc. (General Standard, ISIN USU026281027, SIN: A0BLYY; "Fortune") has prevailed in defending against the complaint of HLSP Holdings Corp. Puerto Rico; in liquidation ("HLSP"). With decision of 15 February 2010 the Supreme Court of the State of Delaware as competent court of last instance has ruled comprehensively in favor of Fortune and confirmed the summary judgment decision of the lower court (see Ad Hoc of 2 February 2009) in its entirety.
Since the filing of the original complaint that was spearheaded by Fortune´s former President Jack Takacs had created substantial disturbances in the company´s restructuring process and hence caused assessable damages, management is now evaluating possible damage claims against the protagonists of the HLSP-claim.
end of ad-hoc-announcement ========================================== ====================================== FORTUNE Management Inc. is listed on the Frankfurt Stock Exchange in the Regulated Market (General Standard) under the Symbol: FMI1 (ISIN: USU 026281027) as well as on NASDAQ Dubai.
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Further inquiry note:
FORTUNE Management Inc. Phone +49 69 9441 8069 IR@fortune-management.com c/o Fortune Services AG Bahnhofstrasse 10, P.O. Box 324 CH-6301 Zug Branche: Financial & Business Services ISIN: USU026281027 WKN: A0BLYY Börsen: Berlin / free trade Stuttgart / free trade Düsseldorf / free trade Frankfurt / regulated dealing/general standard