Reynolds's Feed
Oct 20, 2015
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Dell’s tracking stock 2.0 boasts fixes, new bugs

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

Dell is trying to refresh the user experience of tracking stock. The bursting of the dot-com bubble in 2000 exposed the problems with synthetic shares pegged to certain assets of a company. The PC maker has patched some flaws with the shadow VMware stock it’s proposing to issue in its $60 billion-plus deal for storage maker EMC. But there are still bugs.

Oct 20, 2015
via Breakingviews

Dell’s tracking stock 2.0 boasts fixes, new bugs

Photo

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

Dell is trying to refresh the user experience of tracking stock. The bursting of the dot-com bubble in 2000 exposed the problems with synthetic shares pegged to certain assets of a company. The PC maker has patched some flaws with the shadow VMware stock it’s proposing to issue in its $60 billion-plus deal for storage maker EMC. But there are still bugs.

Oct 19, 2015
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Dewey leaders may skate but law firms on thin ice

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

Former leaders of Dewey & LeBoeuf may skate, but law firms are on thin ice. A New York jury couldn’t decide whether the defunct legal shop’s bosses cheated lenders with dodgy accounting. Prosecutors blew it, but the case highlights the bloat, greed and intransigence at many big firms.

Oct 14, 2015
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Chill on M&A lawsuits puts heat on Wall Street

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

Wall Street may feel the heat from a chill on M&A lawsuits. A Delaware judge poured cold water on Hewlett-Packard’s attempt to settle claims over its $2.7 billion purchase of Aruba Networks, slamming the common practice of buying peace with legal fees. Shareholder attorneys are finding, though, that suing bankers over conflicts provides better kindling.

Oct 14, 2015
via Breakingviews

Chill on M&A lawsuits puts heat on Wall Street

Photo

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

Wall Street may feel the heat from a chill on M&A lawsuits. A Delaware judge poured cold water on Hewlett-Packard’s attempt to settle claims over its $2.7 billion purchase of Aruba Networks, slamming the common practice of buying peace with legal fees. Shareholder attorneys are finding, though, that suing bankers over conflicts provides better kindling.

Oct 5, 2015

Breakingviews: Supreme Court gives good insider trading tip

By Reynolds Holding

NEW YORK (Reuters Breakingviews) – The U.S. Supreme Court
has given prosecutors a solid insider trading tip. Justices
won’t let them take another shot at two hedge fund managers,
signaling that cases against improper dealings have gone too
far. The outcome saves them from further excesses that could
hurt their credibility on Wall Street.

A federal appeals court in New York spared Anthony Chiasson
and Todd Newman from prison last year for trading on Dell and
Nvidia secrets. The two got the information through
intermediaries, but denied knowing whether those insiders were
compensated for their tips. The appellate judges agreed that
such knowledge was an essential element of the crime – and that
the compensation had to be worth more than just a favor between
friends. Their convictions were reversed.

Sep 28, 2015
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VW tests U.S. enforcers’ fairness to foreign firms

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

Volkswagen picked the wrong market for its emissions trickery. The German carmaker has skidded into the U.S. legal system, which extracts bigger fines and more guilty pleas from overseas companies than American counterparts. Differences in the cases may explain the discrepancy. But any prosecutorial bias may attract as much scrutiny as VW’s dirty tricks.

Sep 28, 2015
via Breakingviews

VW tests U.S. enforcers’ fairness to foreign firms

Photo

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

Volkswagen picked the wrong market for its emissions trickery. The German carmaker has skidded into the U.S. legal system, which extracts bigger fines and more guilty pleas from overseas companies than American counterparts. Differences in the cases may explain the discrepancy. But any prosecutorial bias may attract as much scrutiny as VW’s dirty tricks.

Sep 14, 2015
via Breakingviews

Dealmakers meet match in Obama’s deal breakers

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

President Barack Obama’s trustbusters have shown an uncanny knack for picking battles. They’re unbeaten in lawsuits challenging chunky mergers such as Sysco’s $3.5 billion bid for US Foods. That puts similar deals like the proposed $6.3 billion acquisition of Office Depot by Staples in doubt. Prior administrations filed more cases, but few chalked up as much success.

Sep 14, 2015
via Breakingviews

Dealmakers meet match in Obama’s deal breakers

Photo

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

President Barack Obama’s trustbusters have shown an uncanny knack for picking battles. They’re unbeaten in lawsuits challenging chunky mergers such as Sysco’s $3.5 billion bid for US Foods. That puts similar deals like the proposed $6.3 billion acquisition of Office Depot by Staples in doubt. Prior administrations filed more cases, but few chalked up as much success.

    • 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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