Washington and Lee law students Matthias Kaseorg '13L and Matthew Baker '12L took the top spots in the 2011-12 Business Law Practice Note competition sponsored by the Business Law Section of the Richmond Bar.
To enter the competition, students submit briefs on subjects of interest to Virginia business lawyers focusing on current legal issues, practical concerns to business lawyers or developments in the law. Topics may include corporate finance, securities law, commercial transactions, creditor's rights, business entities, contractual relationships, indemnification, business regulation and mergers and acquisitions.
Kaseorg took top honors for his note "Shareholder Inspection Rights and 'Proper Purpose' in a Social Entrepreneurship." His note examines the availability of Virginia shareholder inspection rights to shareholders auditing a social entrepreneurship for the purpose of furthering social goals rather than improving profitability.
Baker was named first runner up for his note, "Class Is Back in Session: Loss Causation and Class Certification after Halliburton." The article deals with the Supreme Court case of Erica P. John Fund v. Halliburton, and Baker argues that while the court's unanimous decision has largely been seen as a victory for plaintiffs, there is a silver lining for defendants.
Kaseorg's and Baker's notes and resumes will be featured in the Practice Newsletter produced by the Business Law Section and both have been invited to attend the section's annual meeting.