Jake Gyllenhaal and Reese Witherspoon Set a Bad ExampleJake Gyllenhaal and Reese Witherspoon texted on their BlackBerrys during the matinee show of August: Osage County before sneaking out at intermission. Criminal! Judith Regan is now suing the lawyers who are suing her for alleged unpaid fees. Anna Wintour sat courtside at the Knicks-Cavs game last night courtesy of LeBron James (she’s putting him on the cover of Vogue’s shape issue with Gisele in April). Jeremy Piven texted two separate models he met in New York to come meet him at the Mercer Hotel, though he didn’t know at the time that they knew each other. The Champagne Marilyn Monroe drank during her famous 1962 shoot was spiked with either drugs or vodka.
Let the Bear Blame Game BeginFINANCE
• Bear Stearns followed up yesterday’s Morgan Stanley announcement with its own $850 million loss, again the first quarterly deficit in the bank’s history. [DealBook/NYT]
• Is former Bear Stearns exec Ralph Cioffi, the guy behind the two Bear funds that imploded this summer, the main culprit in the subprime crisis? New reporting suggests his team set off the plague of dirty debt that cost Citi and other top banks billions. Oh, and Cioffi’s under investigation for pulling out a couple mil before anyone else got the chance. [Business Week]
• What a mensch: David Rubenstein, the former lawyer turned Citadel private-equity master, decided to keep his new copy of the Magna Carta on display at the National Archives. Rubenstein paid $21.3 million — chump change for a guy worth around $2.5 billion. [Law Blog/WSJ]
Lindsay, NudeA Website claims it has nude photos of Lindsay Lohan taken by boyfriend Calum Best. Don Imus may be returning to radio in September. Former Mafioso club promoter Chris Paciello is out of jail and now hanging out with Paris Hilton and Lindsay Lohan. Equinox is planning to open a $5 million gym in East Hampton, complete with spa and valet parking. Luciano Pavarotti is fighting pancreatic cancer. Jessica Alba and Cash Warren are apartment-hunting in New York. Leonardo DiCaprio, Lucas Hass, and Q-Tip cruised lower Manhattan on bikes. Brandon Davis has been cut off by his parents and is asking friends for loans. Dane Cook wants you to know he is straight and alive, contrary to Internet rumors.