The In re Walt Disney case discussed in your reading provides fascinating insight into the wheeling and dealing that is a part of the entertainment industry. The case provides the added benefit of bringing together, in a few pages, nearly all of the concepts surrounding the business judgment rule: duties of care and loyalty, negligence, waste and bad faith.
Dscuss the following: (i) did the court get this decision right; (ii) if you believe the decision was correct, what were the strongest parts of the court’s reasoning; (iii) if you believe the decision was incorrect, where did the court go wrong in its reasoning?