Reynolds's Feed
Sep 11, 2013

Countrywide legal escape aided by investor apathy

By Reynolds Holding

NEW YORK, Sept 11 (Reuters Breakingviews) – A U.S. court
says shareholders lost the right to sue on the mortgage lender’s
behalf after it was sold to BofA. That squelches one way to hold
the likes of ex-CEO Mozilo to account. And it’s a reminder to
litigious stock owners to cover all their bases sooner rather
than later.

Full view will be published shortly.

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Aug 21, 2013

Wall Street enforcers stretch law to hide sloth

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

By Reynolds Holding

NEW YORK, Aug 21 (Reuters Breakingviews) – Wall Street’s
enforcers are stretching the law to hide their own sloth. U.S.
Attorney General Eric Holder is already late with plans to crack
down. His prosecutors are trying to buy time by suing Bank of
America (BAC.N: Quote, Profile, Research) and other financial firms under a statute meant
to protect the companies from fraud. But that creates legal
uncertainty. If the watchdogs were serious about avenging the
2008 economic meltdown, they could have pounced sooner.

Aug 9, 2013

Breakingviews- Apple appeal may bring smartphone patent ceasefire

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

By Reynolds Holding

NEW YORK, Aug 9 (Reuters Breakingviews) – Apple’s (AAPL.O: Quote, Profile, Research)
appeals court showdown with Samsung (005930.KS: Quote, Profile, Research) may bring a
ceasefire in the smartphone wars. Following the Obama
administration’s veto of a U.S. trade agency ruling, courts look
like patent warriors’ last chance to stifle rival products. Even
that option may vanish if Apple loses its bid to block its
Korean rival from selling infringing devices.

Aug 7, 2013
via Breakingviews

SAC’s Steve Cohen may be the A-Rod of Wall Street

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By Reynolds Holding

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

Steven Cohen could be the Alex Rodriguez of Wall Street. Like the New York Yankees’ $275 million slugger, the boss of hedge fund SAC Capital faces sanctions for allegedly employing an illegal “edge.” Yet it’s unclear that either broke arguably fuzzy rules. And trying to level their respective playing fields is probably futile. Ultimately, baseball and Wall Street are bigger than both.

Aug 1, 2013
via Breakingviews

A Goldman minnow finally lands in the SEC’s net

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

A Goldman Sachs minnow has finally landed in the Securities and Exchange Commission’s net. The federal jury verdict against Fabrice “Fabulous Fab” Tourre on Thursday ends a losing streak in the courts for the U.S. watchdog. But the former trader played a minuscule role in Wall Street machinations that led to the financial crisis. The SEC’s win won’t absolve it from letting the big fish get away.

Jul 30, 2013
via Breakingviews

“Fab” Tourre verdict can only make SEC look bad

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

 

Any verdict in the trial of Fabrice “Fabulous Fab” Tourre can only make the Securities and Exchange Commission look bad. Lawyers for the former Goldman Sachs banker seem sure the U.S. regulator has blown it. But even a win would only highlight the watchdog’s failure to bag a high-level bank boss.

Jul 25, 2013
via Breakingviews

SAC staffers take the bullet meant for Cohen

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

Staffers at SAC Capital Advisors are taking the bullet meant for their billionaire boss, Steve Cohen. Seemingly unable to nail the hedge fund founder for insider trading, U.S. prosecutors have thrown the book of criminal charges at his firm instead. There’s too much spite mixed in with the justice.

Jul 2, 2013

Apple-Samsung patent clash more standoff than war

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

By Reynolds Holding

NEW YORK, July 2 (Reuters Breakingviews) – Apple’s (AAPL.O: Quote, Profile, Research)
patent clash with Samsung (005930.KS: Quote, Profile, Research) is looking more like a
standoff than a war. As the iPhone maker waits for its Korean
rival to pay last year’s $600 million verdict, the tech giants
are inching toward another trial next year, and maybe even a
third. Such judicial delay pushes patent holders to sue overseas
or sell their rights to so-called trolls.

Jun 13, 2013
via Breakingviews

U.S. justices square the helix on gene patents

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

The U.S. Supreme Court has managed to square the helix on human gene patents. The justices ruled on Thursday that companies can hold exclusive rights to synthetic DNA molecules but not naturally occurring ones. The unanimous decision should allow biotechnology companies to reap rewards for their work without stifling the research of others.

Jun 5, 2013
via Breakingviews

Apple patent case exposes trade arbiter’s flaws

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

 

A patent ruling against Apple exposes serious flaws with America’s trade arbiter. A U.S. ban on imports of older iPhones and iPads is a big win for rival Samsung – and yet another example of the International Trade Commission being too quick to block products on dubious grounds. President Barack Obama has proposed tightening ITC standards. He could start by nixing this decision.

    • 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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