Reynolds's Feed
Jun 26, 2015
via Breakingviews

Supreme Court slices Wall Street some wedding cake

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The U.S. Supreme Court has sliced Wall Street a piece of wedding cake. The landmark ruling on Friday approving gay marriage gives even banks reason to celebrate. Employee benefits for same-sex spouses will be far cheaper and easier to bestow, enabling stronger competition for top talent with more progressive Silicon Valley.

Jun 26, 2015
via Breakingviews

Supreme Court slices Wall Street some wedding cake

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The U.S. Supreme Court has sliced Wall Street a piece of wedding cake. The landmark ruling on Friday approving gay marriage gives even banks reason to celebrate. Employee benefits for same-sex spouses will be far cheaper and easier to bestow, enabling stronger competition for top talent with more progressive Silicon Valley.

Jun 24, 2015
via Breakingviews

Antitrust food fight messes up outlook for mergers

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

An antitrust food fight threatens to mess up America’s M&A boom. A U.S. federal court has at least temporarily halted Sysco’s $3.5 billion US Foods purchase, saying a merger between the nation’s largest food-service companies would probably harm competition despite the existence of some local rivals. A similar argument may quell other deals in the works, and one already in process: Staples’ $6.3 billion takeover of Office Depot.

Jun 24, 2015
via Breakingviews

Antitrust food fight messes up outlook for mergers

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

An antitrust food fight threatens to mess up America’s M&A boom. A U.S. federal court has at least temporarily halted Sysco’s $3.5 billion US Foods purchase, saying a merger between the nation’s largest food-service companies would probably harm competition despite the existence of some local rivals. A similar argument may quell other deals in the works, and one already in process: Staples’ $6.3 billion takeover of Office Depot.

Jun 15, 2015

Breakingviews: Judge humbles Greenberg and Uncle Sam in one shot

By Reynolds Holding

NEW YORK (Reuters Breakingviews) – A U.S. judge has humbled
Maurice “Hank” Greenberg and Uncle Sam in one shot. The former
boss of American International Group proved the
insurer’s $182 billion rescue in 2008 was technically illegal.
Yet the judge on Monday decided the government owes Greenberg no
money. What can probably be spun as a victory for both sides
will surely please neither.

Greenberg and other AIG shareholders claimed the Federal
Reserve acted illegally in extracting terms like an initial 80
percent equity stake and punitive lending rates. They sought as
much as $50 billion in damages. The Fed, meanwhile, offered what
seemed a reasonable rebuttal: AIG was on the brink of
bankruptcy, and its shares were in danger of becoming worthless.

May 27, 2015
via Breakingviews

FIFA cover-up almost a dare for U.S. enforcers

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The cover-up can exacerbate the crime. FIFA whitewashed an internal investigation into alleged soccer World Cup corruption in November, at least according to the former U.S. attorney who conducted it. No wonder current American prosecutors have gone in hard.

May 27, 2015
via Breakingviews

FIFA cover-up almost a dare for U.S. enforcers

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The cover-up can exacerbate the crime. FIFA whitewashed an internal investigation into alleged soccer World Cup corruption in November, at least according to the former U.S. attorney who conducted it. No wonder current American prosecutors have gone in hard.

May 27, 2015

Breakingviews: FIFA cover-up almost a dare for U.S. enforcers

By Reynolds Holding

NEW YORK (Reuters Breakingviews) – The cover-up can
exacerbate the crime. FIFA whitewashed an internal investigation
into alleged soccer World Cup corruption in November, at least
according to the former U.S. attorney who conducted it. No
wonder current American prosecutors have gone in hard.

The charges of money laundering, racketeering and wire fraud
against nine soccer officials may be shocking, but they hardly
come as a surprise. They’re the culmination of a years-long
probe into alleged corruption and bribery spanning two decades,
federal authorities say. And FIFA officials have been on notice
of the misbehavior since at least last September.

May 4, 2015
via Breakingviews

Mylan may have found cure for the common conflict

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Mylan may have found a cure for the common conflict of interest. The drugmaker is suing its former lawyers at Kirkland & Ellis for advising Teva Pharmaceutical on its $40 billion hostile bid to buy the company. The attorneys say Mylan consented, but a court may finally rule such waivers unethical. An even better outcome would be if the case emboldens clients to stop signing them.

Apr 2, 2015
via Breakingviews

NY judge gives 1970s sitcom a Silicon Valley spin

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

New York’s federal court has given a 1970s sitcom some Silicon Valley spin. A judge concluded that a “Three’s Company” parody didn’t violate rights to the television hit, despite similarities. The verdict reflects Big Apple legal thinking that ideas are for sharing.

    • About Reynolds

      "Reynolds Holding is a Breakingviews columnist who writes from New York about the law in conjunction with Reuters Legal. Before joining Breakingviews, he was a national editorial producer for the Law & Justice Unit at ABC News, a senior writer for Time magazine and the executive editor of Legal Affairs, the first general interest magazine about the law. He spent more than a decade as an investigative reporter and columnist for The San Francisco Chronicle, where he was named a Pulitzer Prize finalist for explanatory writing. Before becoming a journalist, he practiced corporate law at the New York firm of ..."
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