Hlsp Holdings Corp. v. Fortune Management Inc.

Summary

The Supreme Court of Delaware affirmed summary judgment for Fortune because any injury caused by delayed registration of the Fortune shares was suffered by HLSP's stockholders, not HLSP. Although HLSP was a party to the Agreement and could invoke the court's jurisdiction for an injury it personally suffered, it presented no evidence of such injury after distributing the shares in kind. The court therefore did not need to decide whether HLSP independently lacked standing.