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 short-seller renowned for spotting Enron early is being sued for slander by casino mogul Steve Wynn. The line between betting against, or for, a company and besmirching or advocating too much is a fine one. Investments can and should sometimes speak for themselves.
Claims Uncle Sam cheated the insurer’s ex-CEO and others while also saving them may actually succeed at trial. Extracting terms like an 80 pct equity stake in exchange for rescuing AIG was legally questionable. Proving damages will be tricky, but never underestimate chutzpah.
U.S. Attorney General Eric Holder is stepping down after squeezing multibillion-dollar penalties from banks. He had less success securing convictions, leaving law enforcement just an expensive cost of doing business. Next financial crisis, Uncle Sam should send in a tougher cop.
- Uncle Sam gets wires crossed on data privacy
- Merging law firms risk being in contempt of client
- SEC mistakes minor fraudsters for squeegee men
- Cyberspace's heir-tight security gets welcome hack
- TV broadcasters missing big picture in Aereo fight
- BofA rent-a-watchdog no substitute for real thing
- BofA's FIRREA-swallowing act causes indigestion