Smith v Van GorkomOriginal Post:"After reading the case, assume you are a lawyer,  your client, Van Gorkom has been approached by the board of Directors. He comes to you for advice.  What would you

Smith v Van Gorkom

Original Post:

"After reading the case, assume you are a lawyer,  your client, Van Gorkom has been approached by the board of Directors. He comes to you for advice.  What would you advise the Van Gorkom to do? Consider:1. the business judgment rule2. rights of the Directors3. obligations of prudent directors4. other issues discussed by the court

You, as a lawyer must be objective and NOT  insert your personal beliefs in the answer.  Use the IRAC analytical format to  respond to each separate issue you find (there are more issues than listed)"

 You may do additional internet research,   the search terms "Smith"  and " Van Gorkom" and  "Delaware" will be helpful