Bedbugs Infest Cadwalader, Wickersham & Taft

LAW
• Bedbugs infest Cadwalader, Wickersham & Taft's New York office, but the person who "brought the insects into the firm … is no longer associated with the firm." [Above the Law]
• Wannabe law students are looking to blogs and independent rankings for information about prospective schools. [WSJ]
• Two partners at Chadbourne & Parke are drafting a lawsuit to force the New York State Legislature to raise judicial pay. [New York Law Journal]

MEDIA
• Dow Jones & News Corp. are this close to a $5 billion deal. But will the Bancroft family back the plan? [WSJ]
Portfolio's new issue will publish with about 65 fewer ad pages than its debut. [Crain's NY]
• The Chicago Tribune releases its annual "50 Favorite Magazines" list. Some titles that may be new to you: Wondertime and Juxtapoz. [Chicago Tribune]

FINANCE
• Debt investors are beginning to squawk at oversize equity deals. Is the big slowdown coming? [NYT]
• Lehman Brothers loses its power M&A head to rival UBS. [DealBook/NYT]
• The guys who will write HBO's new hedge-fund series are the screenwriters behind Ocean's 13 and Rounders. [TV Week via DealBreaker]

FASHION
• Karl Lagerfeld has signed on to produce Only the Hood Dies Young, a film featuring hip-hop stars. [Flypaper]
• Agent Provocateur's Joe Corre turned down an invite to become a Member of the British Empire in protest of Tony Blair's involvement in Iraq and Afghanistan. [Downtown Darling]
• Weinstein's board of director's isn't too pleased with Harvey's Halston acquisition. [Portfolio]