Reynolds's Feed
Apr 11, 2013
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Time to pull the plug on NY’s Hank Greenberg suit

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

It’s time to pull the plug on New York’s lawsuit against Hank Greenberg. The case accusing the former AIG boss of defrauding investors has already outlasted two of the state’s attorneys general. After losing a ruling Wednesday, a third should call it quits. His office is plenty busy pursuing financial-crisis cases and other scams. It doesn’t need this eight-year-old distraction.

Apr 8, 2013
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Owners deserve right to resell book, byte or bean

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

Americans should have the right to resell their property, be it books, digital bytes or beans. Yet U.S. courts are all over the map on the issue of what can be sold and resold. Judges have ruled that peddling dusty old tomes is fine, but digital tunes are different. The jury is still out on genetically altered legumes. Why so complicated? The relevant law is broad enough to satisfy consumers and rights holders alike.

Mar 19, 2013
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Besieged boards need updated defender-in-chief

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

America’s corporate boards could use a Martin Lipton 2.0. Over a long career, the New York lawyer has become synonymous on Wall Street with takeover defense. But with shareholder activism ascendant and often on target, his contrarian screeds sound increasingly dated. This week’s M&A confab in New Orleans could put them further to the test.

Feb 14, 2013

Breakingviews-U.S. justices’ hefty IP docket is patently logical

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

By Reynolds Holding

NEW YORK, Feb 14 (Reuters Breakingviews) – The U.S. Supreme
Court’s hefty docket of intellectual property lawsuits is
patently logical. The justices are reviewing fewer total cases
but more involving IP. That makes sense. Patent law is badly
muddled, as next week’s oral argument on rights to altered
soybean seeds is likely to demonstrate.

Feb 12, 2013

Breakingviews-Shareholder watchdogs should be unmuzzled

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

By Reynolds Holding

NEW YORK, Feb 12 (Reuters Breakingviews) – Shareholder
watchdogs should be unmuzzled. Complaints from aggrieved groups
often get bounced from court because of overly strict rules on
evidence. The ones that do survive have proven effective at
deterring fraud, leading influential U.S. District Judge Jed
Rakoff to suggest that the law ease up. It would be useful
policy.

Jan 17, 2013

Breakingviews-U.S. trade arbiter is wrong referee in patent wars

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

By Reynolds Holding

NEW YORK, Jan 17 (Reuters Breakingviews) – The U.S.
International Trade Commission is the wrong referee in the
high-tech patent wars. It is supposed to stop foreign
infringers. But speedy procedures and a fuzzy remit are turning
it into a hot spot for suing American firms. This benefits
patent trolls – firms that collect rights to inventions but
don’t make them – and companies seeking to block rivals in a
hurry. The losers may be investors and innovation.

Nov 27, 2012
via Breakingviews

One crime in SAC probe is letting snitch go free

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

It’s almost criminal that the snitch will walk in a probe involving SAC Capital. Mathew Martoma, an ex-trader at Steve Cohen’s $14 billion hedge fund firm, faces possible jail time for alleged insider trading. But the doctor accused of giving him secret data doesn’t – he won’t be charged after agreeing to help prosecutors. Flipping suspects to land bigger game is standard. Going easy on serious wrongdoing shouldn’t be.

Nov 20, 2012
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Enforcers keep on casting for biggest SAC fish

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By Reynolds Holding and Richard Beales
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

U.S. prosecutors haven’t given up on landing the biggest fish at SAC Capital. The Justice Department and Securities and Exchange Commission on Tuesday hit Mathew Martoma, an ex-trader at Steve Cohen’s $14 billion hedge fund firm, with criminal and civil insider trading complaints. The enforcers say the underling helped SAC make $276 million. But if they want Martoma to lend a hand reeling in Cohen, they’ll need to deal.

Nov 16, 2012
via Breakingviews

Law firms face same merger risks as their clients

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

Law firms aren’t immune from the merger risks their clients face. There may be perfectly sensible reasons for Britain’s Norton Rose and U.S.-based Fulbright & Jaworski to join forces and for SNR Denton, headquartered in London and Washington, to seek a three-way tie up with French and Canadian peers. Cross-border deals can help lawyers serve companies increasingly going global. But culture, pay and client conflicts are tough to manage. The danger is sacrificing quality for scale.

Nov 8, 2012
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U.S. deal lawyers not as valuable as they may think

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

U.S. deal lawyers are not as valuable as they may think. Financial markets are largely indifferent to the legal terms of agreed public company mergers, new research shows. That may be because most transactions close regardless of the fine print. M&A attorneys have their uses, but agonizing over detailed wording isn’t the best way to serve clients.

    • 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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