LAW 110 Chapter Notes - Chapter matsushita-epstein: Summary Judgment, Fiduciary, Ruth Bader Ginsburg
Document Summary
The defendant, matsushita industrial co. (defendant), was the subject of two sets of lawsuits filed on behalf of. Both suits consisted primarily of class actions, one involving federal claims, the other involving state claims. The defendant was the subject of two sets of lawsuits filed on behalf of mca shareholders after. One group of class actions alleged breach of federal securities laws. The second, filed in delaware state court, alleged breaches of various state law fiduciary responsibilities. The claims in the federal actions all fell within the federal courts" exclusive jurisdiction. The delaware court approved the settlement as fair. Later, defendant asserted the judgment embodying the settlement as a bar to the federal action. The ninth circuit, before which the federal securities claims were pending, held that adjudication of the state claims could have had no preclusive effect on issues on the federal case. The supreme court of the united states (supreme court) then granted certiorari.
