EANS-Adhoc: Fortune Management Inc.
Fortune wins HLSP Holding case in Supreme
Court
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.
end of announcement euro adhoc
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