Matsushita Elec. Industrial Co. v. Epstein
United States Supreme Court
516 U.S. 367 (1996)
Matsushita Elec. Industrial Co. (Matsushita) (defendant) acquired an entertainment company. Two lawsuits were subsequently filed by shareholders, including Epstein (plaintiffs) in state court in Delaware and federal court in California on differing bases. The federal suit alleged breach of federal securities laws and was dismissed in favor of Matsushita, but plaintiffs appealed. The state suit alleged breaches of fiduciary duty and was settled allowing a fair value for all claims. The Ninth Circuit Court of Appeals held that the adjudication of state claims in Delaware had no preclusive effect on the issues in federal court on the basis of exclusivity of jurisdiction. The United States Supreme Court granted certiorari.
Rule of Law
Holding and Reasoning (Thomas, J.)
Dissent (Ginsburg, 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 166,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 13,800 briefs, keyed to 187 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.