Professor Gordon Smith writes here about how Vice Chancellor Leo Strine, Jr.’s recent  Chancery Court opinion in the Netsmart case, briefly highlighted here on this blog, describes the famous Business Judgment Rule in comparison to the Revlon duties of a director in the context of the sale of a company. Professor Stephen Bainbridge joins the discussion  with links and reference to his prior writings on the topic. For those interested in these important aspects of Delaware law, one would hard pressed to find better commentary on these issues.