Case- Smith V Van Gorkom
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 rule
2. rights of the Directors
3. obligations of prudent directors
4. 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)".