FINANCE
• A former JPMorgan analyst is suing Twentieth Century Fox for Borat-related “public ridicule, degradation, and humiliation.” [DealBreaker]
• Wachtell, Lipton sent around a memo to clients explaining a tax loophole that makes CFO salaries over $1 million tax deductible. Thus was the first rule of the tax-loophole club broken. [DealBook/NYT]
• In a study of hours worked in developed nations, the U.S. only ranks sixth. Somehow, we got beat by Australia and New Zealand. [CNNMoney]
LAW
• The Yale Club gets Borked! The former U.S. Supreme Court nominee filed a slip-and-fall suit against the club for $1 million. [Law Blog/WSJ]
• The New York State Bar Association’s family-law section just canceled an appearance by former porn actress Sydnee Steele. She was scheduled to speak on “Sex and love — making your time away from the office really count and how to not wind up as one of your clients.” [New York Law Journal]
• The International Network of Boutique Law Firms helps the little guy compete with the big guy. [NYT]
MEDIA
• The Dow Jones board approved sweetened severance deals in the event of a sale, making a deal look more and more likely. [NYT]
• Summer intern season begins, and this year the kids have their own newsletter. [WWD]
• Canned Daily News editors Dean Chang and Mark Mooney were the “heart and soul of the newsroom.” [NYP]
FASHION
• Finally, you can buy Uniqlo online. [British Vogue]
• Stella McCartney teamed up with Notify to create denim whose proceeds go to animal-welfare charities. [Fashion Week Daily]
• Contrary to rumors of his impending retirement, Valentino says he won’t go. [Fly Paper]
