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 U.S. telco wants clearer limits on government access to location data but won’t push for a requirement that enforcers get warrants. The mixed message matches the regulated firm’s history of cooperating with Washington. As tech rivals resist Uncle Sam, though, AT&T looks weak.
Patton Boggs’ merger with Squire Sanders arguably put the combined U.S. firm on both sides of a lawsuit. It’s possible the snafu will lead to disqualification from the case. Like Goldman and other Wall Street dealmakers, lawyers can be sloppy about policing skewed loyalties.
A $600 mln insider trading settlement with his SAC hedge fund will probably go to investors on the other side of its dodgy deals. Better them than Uncle Sam. But the real victims were drug firms whose data SAC’s trader stole. U.S. watchdogs miss the mark in allotting fine proceeds.
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