The lower court decision has been recently affirmed by the Second Circuit Court of Appeals.
Hassan says the he intends to run for President in 2012. He wants the court to declare him eligible even though he is a naturalized citizen. His contention is that the 14th amendment is in conflict with the presidential eligibility clause in Section II of the Constitution.
The court rejected his case because Hassan lacks standing: he was not able to show a particularized injury (since he is just one of millions of naturalized citizens).