What Was the Result in Smith V

Multiple Choice

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?

A) That the board failed to obtain adequate information on merger terms and would not be protected by the business judgment rule.
B) That the board was protected by the business judgment rule because there was no conflict of interest.
C) That the board was not protected by the business judgment rule but was protected by the merger business rule.
D) That the board was protected by the business judgment rule because fraud could not be established.