What was the result in Smith v.Van Gorkom,the case in the text in which it was alleged that directors were grossly negligent in failing to inform themselves adequately before making a decision about a merger?

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The result in Smith v. Van Gorkom was that the board failed to obtain adequate information on the merger terms and therefore, would not be protected by the business judgment rule. The court held that the directors were grossly negligent in their decision-making process and did not adequately inform themselves before making the decision about the merger. This case established the duty of care standard for directors, which requires them to make informed and well-considered decisions.

What Was the Result in Smith V