LAW
• Paul Young, a former partner at Milberg Weiss, owned the building that housed the El Mirage bathhouse and did nothing to curtail its activities. [Legal Pad/Fortune]
• General counsels are on the up-and-up: Rosemary Berkery and Kenneth Frazier, the GCs at Merrill and Merck, both just got promotions to top leadership positions at their respective firms. [Law Blog/WSJ]
• Some lawyers are salivating at their chance to put "hard-hitting" ads back on the air. [New York Law Journal]

FASHION
• VF Corp. bought Seven for All Mankind for $775 million. [NYT]
• Kate and Andy Spade leave their label six months after Kate Spade was bought by Liz Claiborne. [British Vogue]
• Louis Vuitton will use Mikhail Gorbachev and Andre Agassi in an upcoming campaign. [Fashion Inc./Portfolio]

FINANCE
• Do professional favors for research analysts and watch your company get a better rating. [Financial Times]
• Raanan Agus is taking his principal strategies team at Goldman over to the asset-management desk to start an internal hedge fund. [NYT]
• Since no one's buying J.P. Morgan's or Citigroup's leveraged-buyout loans, how much is it costing the banks? [Deal Journal/WSJ]

MEDIA
• Whoopi Goldberg will take Rosie's spot on The View. [FishbowlNY/Mediabistro]
• CBS is close to a settlement in Don Imus $120 million lawsuit, but both parties are stalling to improve their leverage in other negotiations. [NYP]
• George Packer's New Yorker article about Iraqi translators will be produced as a play by the Culture Project. [WWD]