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PARFI HOLDING AB v. MIRROR IMAGE INTERNET

No. 27, 2002.

817 A.2d 149 (2002)

PARFI HOLDING AB, Gunnar Gillberg, Plenteous Corp. and Grandsen, Ltd., Plaintiffs Below, Appellants, v. MIRROR IMAGE INTERNET, INC., Xcelera.Com, Inc., Alexander M. Vik, Gustav Vik and Hans Magnus Fajerson, Defendants Below, Appellees/Cross-Appellants.

Supreme Court of Delaware.

Decided: November 4, 2002.

Attorney(s) appearing for the Case

Melanie K. Sharp, of Young, Conaway, Stargatt & Taylor, LLP, Wilmington; M. Frederick Pritzker, and James W. Stoll (argued), of Brown Rudnick Berlack Israels, LLP, Boston, MA, of counsel, for Appellants.

Jesse A. Finkelstein, and Thad J. Bracegirdle, of Richards, Layton & Finger, Wilmington; Peter J. Macdonald (argued), Robin L. Alperstein of Hale and Dorr, LLP, New York City, of Counsel, for Appellees.

Before VEASEY, Chief Justice, WALSH, HOLLAND and STEELE, Justices, and RIDGELY, President Judge, Superior Court, constituting the Court en Banc.

VEASEY, Chief Justice.

In this appeal, we hold that contracting parties who provide for the arbitration of disputes in their agreements need submit to arbitration only those claims that touch on the legal rights created by their contract. The Court of Chancery dismissed fiduciary duty claims brought by minority stockholders of a Delaware corporation on the ground that the transactions giving rise to the stockholders' causes...

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