Reynolds's Feed
Jun 16, 2012

Rajat Gupta goes down but insider trading may not

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

By Reynolds Holding

NEW YORK (Reuters Breakingviews) – Rajat Gupta has gone down, but insider trading may not. The guilty verdicts against the former McKinsey boss and Goldman Sachs and Procter & Gamble director should scare the bejeezus out of corporate America and Wall Street. But until the rules against passing privileged information are clearly defined and miscreants truly fear getting caught, the case’s deterrence value will be limited.

Jun 13, 2012

U.S. judge deflates smartphone lawsuit bubble

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

By Reynolds Holding

NEW YORK, June 13 (Reuters Breakingviews) – A U.S. judge may
have deflated the smartphone lawsuit bubble. Apple (AAPL.O: Quote, Profile, Research) ,
Samsung (005930.KS: Quote, Profile, Research) and Google’s (GOOG.O: Quote, Profile, Research) Motorola Mobility have
been waging a global war over the rights to technology that
powers features on touch-screen gizmos. But a ruling last week
exposes the extravagant claims as mere ploys to gain competitive
advantage.

Jun 8, 2012

Bankers can’t always hide behind bad legal advice

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

By Reynolds Holding

NEW YORK, June 8 (Reuters Breakingviews) – Bankers can’t
always hide behind bad legal advice. A former Deutsche Bank
(DBKGn.DE: Quote, Profile, Research) broker convicted in a tax-shelter scheme won’t get a
new trial because of blunders by his counsel. And yet ex-Bank of
America (BAC.N: Quote, Profile, Research) Chief Executive Ken Lewis is blaming lawyers for
seemingly insufficient disclosure before shareholders voted on
the 2008 merger with Merrill Lynch. It’s enough to give
attorneys whiplash.

Jun 7, 2012
via Breakingviews

Google’s antitrust problem is all about privacy

Photo

By Reynolds Holding 

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

Google’s antitrust problem is actually about privacy. They seem like separate issues – Google has argued as much – but the internet search giant’s market dominance is largely fueled by its access to users’ personal data. Limiting that could give competition a useful jolt.

May 31, 2012
via Breakingviews

Blackstone loss could be gain for Facebook owners

Photo

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

The Blackstone Group’s loss could be Facebook investors’ gain. Judges are citing a ruling last year against the private equity firm to push other companies for more disclosure before they go public. That could help shareholders claiming that the social network downplayed revenue doubts in regulatory filings ahead of its initial public offering. 

May 26, 2012

Prosecutors gain early edge in Rajat Gupta trial

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

By Reynolds Holding

NEW YORK (Reuters Breakingviews) – U.S. prosecutors have gained an early edge in Rajat Gupta’s insider-trading trial. Judge Jed Rakoff largely adopted their version of a preliminary jury instruction a week after allowing them to introduce wiretap evidence. The former McKinsey & Co. boss and Goldman Sachs (GS.N: Quote, Profile, Research) director hasn’t put on his defence yet. But he’ll need some breaks soon if he’s going to beat the insider trading rap.

May 16, 2012
via Breakingviews

Law site’s IPO evokes a future beyond dying firms

Photo

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

LegalZoom’s planned initial public offering evokes a future beyond dying law firms. It’s coincidence that the U.S. self-help legal website’s $120 million filing has landed just as New York partnership Dewey & LeBoeuf is evaporating. But the rise of the online provider of legal documents sends old-line lawyers a sharp warning.

May 15, 2012
via Breakingviews

Oracle suit gives Google a chance not to be evil

Photo

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

An Oracle lawsuit is giving Google a golden opportunity to regain its non-evil image. The search giant has been thumped lately on privacy, antitrust and governance grounds. But it looks almost virtuous in a patent spat with Larry Ellison’s Oracle.

May 14, 2012
via Breakingviews

Murky U.S. bribery law gets a dose of clarity

Photo

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

America’s murky bribery law is finally getting a dose of clarity. Morgan Stanley showed last month how to avoid legal charges for infractions by one of its executives, and an appeals court will soon define whose palm cannot be greased. That’s good news for multinationals sweating unpredictable enforcement of a confusing statute.

May 9, 2012
via Breakingviews

Judges can be tough without getting personal

Photo

By Reynolds Holding 

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

U.S. judges can be plenty tough without getting personal. Few can send a chill up business spines faster than Delaware Chancellor Leo Strine. He honors a rich tradition of tart lectures from the state’s bench. But his recent scolding of sand and gravel firm Martin Marietta Materials and its spin doctors, though on target, sounded a bit catty.

    • 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