Political Commentary

Posted by on 21 February 2013

RE: Smith v. Van Gorkom, 488 A.2d 858 (Del. 1985).

The Court held that the Board of Directors’ reliance upon Chairman Van Gorkom’s summary of a report which he himself had not read was not reasonable.

Smartarse student: “It worked for Obamacare.  We had to pass it to see what was in it.”

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