433 U.S. 186 (1977).
One-Sentence Takeaway: Neither the presence of the nonresident defendants’ stock in a state nor the fact that the nonresident defendants were officers of a corporation chartered in the state provided the requisite contacts to establish personal jurisdiction.
Summary: Plaintiff filed suit in Delaware against a Delaware corporation and its present and former officers, many of whom were non-residents of Delaware. Plaintiff argued that the non-residents were subject to personal jurisdiction in Delaware because they owned stock in and were officers of the Delaware corporation. The Supreme Court held that neither the presence of the nonresident defendants’ stock in Delaware, nor the fact that the nonresident defendants were officers of a Delaware chartered corporation, provided the requisite contacts to establish personal jurisdiction.