Reynolds Holding is a senior fellow at Columbia Law School. Formerly the legal editor at Breakingviews, he has been 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.
A likely skewering of Trump campaign chief Paul Manafort won’t erase flubs against ex-Jefferies and Cantor traders or sharp drops in white-collar cases. Watchdogs were rightly scolded for pursuing too few financial-crisis miscreants. They haven’t yet learned their lesson.
Delaware’s efforts to cut frivolous U.S. deal litigation have pushed cases from state to federal courts, a new study shows. There, too, marginal suits that benefit only lawyers should be discouraged, but cracking down runs the risk of letting dodgy transactions off the hook.
Donald Trump’s Supreme Court pick would allow public companies to cut back on disclosure, internet service providers to discriminate against certain content and cable firms to block rivals’ programming. It’s a First Amendment message investors and consumers won’t want to hear.