Reynolds Holding is a Breakingviews editor who also writes from New York about the law. 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 Debevoise & Plimpton. He graduated from Harvard College and Duke University School of Law.
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The French fashion house’s often dubious trademark lawsuits are pricey to fight, so most targets fold. That can squelch free speech and fair competition. One tiny handbag maker just beat LVMH and wants it to pay its attorneys. Legal hubris may finally become an expensive luxury.
Barclays and Credit Suisse will pay $150 mln to settle U.S. charges of duping clients in their trading venues. Ending costly probes makes sense, but it’s unlikely savvy investors didn’t know of high-frequency traders and other risks. A court test would clear up some mysteries.
Lifting the JPMorgan CEO’s compensation 35 pct to $27 mln may seem tin-eared with shares down some 12 pct last year and staff pay flat. But most of the award is tied to future results, a concession to investors that brings the bank in line with peers. Call it a raise with teeth.
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