Reynolds's Feed
Oct 1, 2013

Activision investors may lose even in victory

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

By Reynolds Holding

NEW YORK, Oct 1 (Reuters Breakingviews) – Activision
Blizzard (ATVI.O: Quote, Profile, Research) investors may lose even in victory. The
videogame maker’s minority owners convinced a judge to block an
$8.2 billion plan to buy out Vivendi (VIV.PA: Quote, Profile, Research), potentially
derailing a sensible transaction in the process. Activision is
appealing and on Monday filed to put the matter to a shareholder
vote. In the end, it will probably have to pay more to clinch
the deal. Some fights for shareholder rights can be costly.

Sep 24, 2013

Breakingviews- BofA trial could cut crisis accountability deficit

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

By Reynolds Holding

NEW YORK, Sept 24 (Reuters Breakingviews) – Bank of
America’s (BAC.N: Quote, Profile, Research) mortgage fraud trial could provide some
financial crisis accountability. The bank, like its peers, has
paid hefty settlements without admitting fault. Now it must
answer to a U.S. jury for selling Fannie Mae (FNMA.OB: Quote, Profile, Research) and
Freddie Mac (FMCC.OB: Quote, Profile, Research) dodgy loans. BofA could beat the charges,
but it may finally have to come clean about its Countrywide
unit’s role in the 2008 meltdown.

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.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS:
www.breakingviews.com/TOPNewsSubscription

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

Photo

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

Photo

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

Photo

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

Photo

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.

    • 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 ..."
    • Follow Reynolds