Paper Trail Disturbed at Sullivan & Cromwell

LAW
• Did Aaron Charney "misplace" documents belonging to a partner's file at Sullivan & Cromwell? The firm's countersuit suggests so. [Above the Law]
• Cadwalader, Wickersham & Taft is rising up the ranks of most profitable firms, thanks to some cut-throat tactics and, apparently, a wicked bowling night. [New York Law Journal]
• Save a life, become a hero, and suffer the (tax) consequences. A law professor explains why the Subway Superman might get walloped by the IRS this tax season. [Mauled Again via Legal Blog Watch]

FINANCE
• Billionaire investors Steve Cohen and Carl Icahn have been placing bets on some of the same companies lately; odd given the moguls' starkly different philosophies. [NYP]
• The SEC is investigating a new insider-trading trick: brokers tipping customers off to go make trades at other banks, hence eliminating the paper trail. [NYT]
• Harvard Business School gets reamed for accepting the former chief of staff of the Israeli Defense Forces. [Harvard Crimson via DealBreaker]

MEDIA
• There's talk of a merger between the city's two largest Spanish dailies, El Diario and Hoy. [NYDN]
• Former Maxim editor Greg Gutfeld made his TV debut on the FNC last night, talking about such hot button issues as porn and polar bears. [TV Newser/Mediabistro]
• How to get into Graydon Carter's Waverly Inn. [Gawker]

FASHION
• Read all of New York's fall 2007 Fashion Week coverage.