If common law governs a case, does that matter to the federal courts?

MultiRegion, United States of America

The following excerpt is from Woodward Governor Co. v. Curtiss Wright Flight Systems, Inc., 164 F.3d 123 (2nd Cir. 1999):

It is beyond dispute that if federal common law governs a case, that case presents a federal question within the subject matter jurisdiction of the federal courts, just as if the case were governed by a federal statute. See 28 U.S.C. 1331; Illinois v. City of Milwaukee, 406 U.S. 91, 100, 92 S.Ct. 1385, 31 L.Ed.2d 712 (1972).

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