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Saturday, November 14, 2009. The judicial standards pretty much align with the statutory standards. A party challenging a business decision must show that the directors failed to act 1) in the honest belief that the action taken was in the best interest the company, or 2) on an informed basis, or 3) with ordinary care, such as by failing to provide adequate directorial oversight of corporate activities. Labels: Duty of Care. Monday, November 9, 2009. Smith v. Van Gorkom. Later, the shareholders became up...

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C&C | timcoffield.com Reviews
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Saturday, November 14, 2009. The judicial standards pretty much align with the statutory standards. A party challenging a business decision must show that the directors failed to act 1) in the honest belief that the action taken was in the best interest the company, or 2) on an informed basis, or 3) with ordinary care, such as by failing to provide adequate directorial oversight of corporate activities. Labels: Duty of Care. Monday, November 9, 2009. Smith v. Van Gorkom. Later, the shareholders became up...
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C&C | timcoffield.com Reviews

https://timcoffield.com

Saturday, November 14, 2009. The judicial standards pretty much align with the statutory standards. A party challenging a business decision must show that the directors failed to act 1) in the honest belief that the action taken was in the best interest the company, or 2) on an informed basis, or 3) with ordinary care, such as by failing to provide adequate directorial oversight of corporate activities. Labels: Duty of Care. Monday, November 9, 2009. Smith v. Van Gorkom. Later, the shareholders became up...

INTERNAL PAGES

timcoffield.com timcoffield.com
1

C&C: Duty of Care

http://www.timcoffield.com/2009/11/duty-of-care.html

Saturday, November 14, 2009. The judicial standards pretty much align with the statutory standards. A party challenging a business decision must show that the directors failed to act 1) in the honest belief that the action taken was in the best interest the company, or 2) on an informed basis, or 3) with ordinary care, such as by failing to provide adequate directorial oversight of corporate activities. Labels: Duty of Care. Smith v. Van Gorkom.

2

C&C: Smith v. Van Gorkom

http://www.timcoffield.com/2009/11/smith-v-van-gorkom.html

Monday, November 9, 2009. Smith v. Van Gorkom. Later, the shareholders became upset. They sued the Bd. The court held that the directors of TU breached their duty of care to the shareholders 1) by their failure to adequately inform themselves before recommending the merger, and 2) by their failure to disclose all the info that a reasonable shareholder would consider important in deciding whether to approve the merger. Labels: Duty of Care. November 10, 2009 at 3:59 PM. Had committed to indemnify its dire...

3

C&C: November 2009

http://www.timcoffield.com/2009_11_01_archive.html

Saturday, November 14, 2009. The judicial standards pretty much align with the statutory standards. A party challenging a business decision must show that the directors failed to act 1) in the honest belief that the action taken was in the best interest the company, or 2) on an informed basis, or 3) with ordinary care, such as by failing to provide adequate directorial oversight of corporate activities. Labels: Duty of Care. Monday, November 9, 2009. Smith v. Van Gorkom. Later, the shareholders became up...

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C&C

Saturday, November 14, 2009. The judicial standards pretty much align with the statutory standards. A party challenging a business decision must show that the directors failed to act 1) in the honest belief that the action taken was in the best interest the company, or 2) on an informed basis, or 3) with ordinary care, such as by failing to provide adequate directorial oversight of corporate activities. Labels: Duty of Care. Monday, November 9, 2009. Smith v. Van Gorkom. Later, the shareholders became up...

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