Reynolds's Feed
Jun 19, 2014
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Supremes ride shotgun with Tesla down open road

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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 is riding shotgun with Tesla Motors down the open road. The top U.S. tribunal unanimously ruled on Thursday that abstract ideas, even if run through a computer, can be freely adopted. Elon Musk, meanwhile, last week opened up the technology from his electric carmaker. Both decisions spread an important message to the vicious world of patent fighting: Share, don’t hoard.

May 23, 2014
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M&A targets can get stiffed when they “go shop”

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

Shopping ’til you drop doesn’t really work for merger targets. The so-called “go shop” strategy of seeking higher bids after signing up a buyer is designed to ensure top dollar is paid. More often, it leads to final prices that are lower than they otherwise would be, new research suggests. Tweaks to deals like Media General’s buyout of Lin Media may mean sellers are wising up, though, portending better value for shareholders.

Mar 28, 2014
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Boards’ defender-in-chief keeps fighting last war

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By Reynolds Holding

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

Corporate boards’ defender-in-chief keeps fighting the last war. Lawyer Marty Lipton proved again at the New Orleans M&A confab that he can give as good as he gets. But prior panelists’ emphasis on improving governance and shareholder value made his swipes at activists seem dated. The legal lion’s roars are sounding more stubborn than persuasive.

Mar 28, 2014
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Boards’ defender-in-chief keeps fighting last war

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By Reynolds Holding

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

Corporate boards’ defender-in-chief keeps fighting the last war. Lawyer Marty Lipton proved again at the New Orleans M&A confab that he can give as good as he gets. But prior panelists’ emphasis on improving governance and shareholder value made his swipes at activists seem dated. The legal lion’s roars are sounding more stubborn than persuasive.

Mar 25, 2014
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Activists crash dealmaker party

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

Activists are crashing the dealmaker party. Shareholder lawsuits, cross-border mergers and defender-in-chief Marty Lipton will play supporting roles at the annual New Orleans confab for M&A attorneys and bankers. Aggressive investors shaking dozy boards are this year’s headliners. Their increasing presence at the gathering reinforces a growing power.

Mar 25, 2014
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Activists crash dealmaker party

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

Activists are crashing the dealmaker party. Shareholder lawsuits, cross-border mergers and defender-in-chief Marty Lipton will play supporting roles at the annual New Orleans confab for M&A attorneys and bankers. Aggressive investors shaking dozy boards are this year’s headliners. Their increasing presence at the gathering reinforces a growing power.

Nov 26, 2013
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U.S. trustbusting would make a great monopoly

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

America’s two federal trustbusting agencies would make a great monopoly. The U.S. Justice Department is beating the pants off its rival, the Federal Trade Commission, with pushback on headline-grabbing deals. The FTC has meanwhile scored big points protecting consumers. Leaving antitrust to DoJ would reduce costs and make both agencies more effective.

Nov 1, 2013
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Twitter may grow fat and happy on low-patent diet

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By Reynolds Holding

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

Twitter could grow fat and happy on its low-patent diet. The social network, which is due to go public in the next few weeks, has an incredibly slim portfolio of intellectual property. Its nine patents may leave Twitter vulnerable to lawsuits and light on proven assets. But a policy of allowing engineers some control over their inventions speeds innovation, lures top talent and cuts legal costs.

Oct 23, 2013
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Big U.S. bank fines far more art than science

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

The biggest U.S. bank fines involve far more art than science. In theory there are defined, if loose, legal criteria for penalties. But enormous settlements – like the possible $13 billion bite out of JPMorgan – can seem pulled from thin air. While courts occasionally run the rule over the numbers, regulators’ zeal and public outrage outweigh the logic.

Oct 1, 2013
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Goldman and JPMorgan get one job split right

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

Goldman Sachs and JPMorgan have managed to get at least one job split right. Neither bank will cleave the chairman and chief executive roles, but they’ve figured out that allowing the general counsel to also run regulatory compliance invites trouble. Interpreting the rules and ensuring they’re followed too often conflict. Rival financial institutions – and companies in other industries, too – should follow suit.

    • 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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