Hedge-Fund Managers Can't Get Over Aerosmith

FINANCE
• At this year's 2007 Robin Hood benefit, philanthropic hedge-funders paid $400,000 to sing a song with Aerosmith and $1.3 million for dinner with Mario Batali. [NYT]
• Hafiz Naseem, a junior investment banker at Credit Suisse, was charged with insider trading after he tipped off associates in Pakistan about deals, including the TXU buyout, before they were made public. [NYT]
• Google is the No. 1 preferred employer for MBA students, with more traditional companies McKinsey and Goldman taking the next two slots. [Fortune via CNNMoney]

MEDIA
• After getting the blowoff from the Bancroft family, News Corp. plans to woo both shareholders and the Journal's newsroom. [WSJ]
• Don Imus will sue CBS Radio for refusing to pay out the remainder of his $40 million contract. [AP via Mediabistro]
Us Weekly is in the consumer-protection business, according to owner Wenner Media. The gossip magazine accused its competitors of fabricating stories. [WWD]

FASHION
• Pandemonium alert: Kate Moss is rumored to be posing in the Barneys New York windows for the Stateside launch of her line. [Fashionista]
• Marc Jacobs is launching a new fragrance called Daisy. [Downtown Darling]

LAW
• An embattled Jeanine Pirro was accused by a former political opponent of ethics violations for trying to destroy secret tapes. Pirro's lawyer denied that the former Westchester County attorney general destroyed the tapes but would not comment on their existence. [The Journal News]
• A former Milberg Weiss partner accused of paying kickbacks to class-action clients has filed a motion to dismiss the charges. [LAT via DealBook/NYT]