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Corporate & Securities Law

: BusinessAssociationsBlog.com

Smith v Van Gorkom

By Stephen Bainbridge

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I’ve posted to SSRN a paper entitled simply Smith v. Van Gorkom. Abstract: Smith v. Van Gorkom arguably was the most important corporate law decision of the 20th century. The supreme court of a state widely criticized for allegedly leading the race to the bottom held that directors who make an uninformed decision face substantial personal liability exposure. In so doing, the court...

[continued on site]

Full post as published by BusinessAssociationsBlog.com on May 15, 2008 (boomark / email).

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