BRADLEY v. FIRST INTERSTATE BANCORP

JOSEPH T. WALSH, Justice

This 21st day of March 2000, upon consideration of the briefs of the parties and oral argument, the Court concludes that, in ruling that Plaintiff Below-Appellant had pleaded derivative claims, the Court of Chancery correctly applied the standards announced by this Court in Kramer v. Western Pacific Indus., Del. Supr., 546 A.2d 348, 354 (1988) and Parnes v. Bally Entertainment Corp., Del. Supr., 722 A.2d 1243, 1245 (1999). Accordingly, Appellant lacks standing to assert those claims. See Lewis v. Anderson, Del. Supr., 477 A.2d 1040 (1984). We further conclude that Appellant's California state law claims are exclusively controlled by Delaware law under the internal affairs doctrine. See McDermott, Inc. v. Lewis, Del. Supr., 531 A.2d 206, 215 (1987).

NOW, THEREFORE, IT IS ORDERED that the judgment of the Court of Chancery be, and the same hereby is,

AFFIRMED.