From our private database of 14,000+ case briefs...
Blue Chip Stamps v. Manor Drug Stores
United States Supreme Court
421 U.S. 723 (1975)
Blue Chip Stamps (defendant) was required by a United States district court to make a tender offer for the minority shares of the corporation in 1968. Two years after the tender offer, Manor Drug Stores (plaintiff) brought suit against Blue Chip Stamps, alleging that Blue Chip Stamps had misrepresented its financial health in an attempt to discourage the minority shareholders from taking part in the tender offer, so that it could later purchase the same shares at a lower market price. However, Manor Drug Stores did not purchase or sell any Blue Chip Stamps during the time period in which the misrepresentations were made. The lower courts ruled that despite this fact, Manor Drug Stores had standing under § 10(b) of the Exchange Act to bring suit against Blue Chip Stamps. Blue Chip Stamps then petitioned for certiorari to the United States Supreme Court.
Rule of Law
Holding and Reasoning (Rehnquist, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 201,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,000 briefs, keyed to 188 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.