Anti-Feminist Sues Columbia Over Women’s Studies Program

LAW
• Manhattan lawyer Roy Den Hollander, who describes himself as an anti-feminist, is suing Columbia University for offering women's–studies courses. He feels the classes are discriminatory toward men. [City Room/NYT]
• Big Law libraries are shrinking — in fact, Milbank's Manhattan library space was cut from 10,000 to 3,200 square feet last year. But that doesn't mean this is the death knell for the law libraries — it's just the start of a more technologically advanced phase. [Law.com]
• A former senior attorney for the New York Fire Department has been suspended from practicing law for five years for not following the regulations of the state's mental hygiene laws. [Law.com]

FINANCE
• Lehman Brothers is mulling putting its money–management division up for sale in an effort to keep the bank afloat. It would be the latest Wall Street firm forced to sell off high-end assets. [NYT]
• Ronald Insana, who was one of CNBC's most prominent anchors for more than a decade, got into the hedge–fund game in 2006. He just threw in the towel. The problem? Running a hedge fund is harder than commentating on how to run one. [DealBook/NYT]
• Activist investor William Ackman, who owns 8.8 percent of Long Drug Stores' shares, isn't happy about the buyout deal that CVS cut with his pharmacy chain, so he's bringing in Blackstone to help him try to get more money out of the deal. [NYP]

MEDIA
• It's official: Sports Illustrated is doing "the picture." Michael Phelps will appear on next week's cover wearing nothing but his eight Olympic gold medals. [NYDN]
• Did The Wall Street Journal rip off the Boston Globe's photo blog? [Media Nation]
• Bloggers operating from the Democratic and Republican conventions can pay $100 to access Google's "Big Tent" facility, which includes Internet access, workspaces, couches for naps, massages, food — and a kiosk where anyone can post videos on YouTube. [WSJ]
• The New York Times raised its cover price yesterday and no one seemed to notice. [Gawker]

REAL ESTATE
• More than 100,000 New York City apartments built since 1991 may violate disability laws. [NYT]
• Large real–estate investment sales are nearly at a standstill, while commercial leasing is crawling at a snail's pace. "I could sell anthrax more easily," one dealmaker said. [NYP]
• Meanwhile, the city's wealthy population has no problem dropping $45 million for residential properties. [NYP]