Was Dick Fuld's decision to turn over his half-share of a $14 million Florida mansion to his wife for $100 even legal? Will the move protect him in the event he's found personally liable for Lehman's collapse, or if he files for bankruptcy? So many questions! Fortunately, a bunch of wise law professors will explain, if you're interested. [TaxProfBlog via Dealbreaker]

What did Ruth Madoff know, and when did she know it? The wife of the man accused of a $50 billion Ponzi scheme reportedly ran the books for his crooked money-management business.

They stole America's hearts, an Oscar and no less than $9 million of box-office loot. Less than a year later, star-crossed Once songwriters/lovers Glen Hansard and Markéta Irglová are done for.

Olivia Palermo must be in a good mood today! She and Whitney Port will be back for a second season of The City! Okay, so the show hasn't been a huge hit with viewers, and their "colleagues" at DVF haven't been too thrilled with the new arrivals. But MTV's got to fill the slot with something, and it looks like they may have another extra half-hour on their hands considering the announcement made no mention of Bromance. The release also didn't say whether Olivia's crime-loving cousin will be returning for Season 2, so you're just going to have to keep your fingers crossed on that one. [THR/Live Feed]

Amy Poehler's sitcom gets a name. Shoot it already! [Star]

A Fox News anchor finds the words "Top Cop" so difficult to read off the teleprompter he finally just gives up and says "ah, whatever." It's not the first time this has happened!

· Dallas Cowboys wide receiver Terrell Owens will star in his own VH1 reality series, Flavor of Hydrocodone Washed Down with a Liter of Grey Goose. [Variety]

Celebrated author John Updike has died of lung cancer. He was 76 years old. The Pulitzer Prize-winning author of the Rabbit series was also an accomplished essayist and literary critic.

Oh okay, we will put this up simply to remind you of how quickly trends can spiral into sickening territory: an Ebay auction (hoax?) for the virginity of a 19 year-old quadriplegic girl. Um:

• Mary Louise Parker was the center of attention at the Roundabout Theatre on Sunday for the opening night of her new Broadway show, Hedda Gabler. Parker and her co-stars, Michael Cerveris, Peter Stormare, and Paul Sparks, and the play's director Christopher Shinnas were joined at the play and after-party by Liza Minnelli, Joan Rivers, Blythe Danner, Mamie Gummer, Amy Irving, Billy Stritch, and Tovah Feldshuh. [PMc, Wireimage, GoaG]

Via Videogum, we bring you a sneak preview of Jon Hamm's "multi-episode arc" on 30 Rock, playing Liz Lemon's ice-cream-making, frosting-smeared pediatrician neighbor and crush object. (He debuts the episode after next.)

Preternaturally lanky Olympic swimming medalist Michael Phelps hit his knee on a table at a press conference in Saudi Arabia. Ow! But what was he doing there?

After years of delays, budget haggles, director turnover and studio upheaval, we can finally, officially ask: Who's ready for some Adventures of Tintin: The Secret of the Unicorn?!? Oh. Sorry.

Street Wisdom [Bowery Boogie]

Bush-pardoned rapper John Forte is finally home, and he's already making new music! We are truly happy for him, so we will just make three gentle points about his "video":

GLAAD has announced that their annual "excellence in media" award will be going to Tyra Banks. No, seriously! This honor comes as word leaks about Banks's most insanely gaysploitive project yet.

Because 18 million New Yorkers are ordering lunch at the same time as you. ORDER NOW. Only at participating SUBWAY® restaurants in NYC.

Pictured, part of Angelina Jolie and Brad Pitt's family (the Havana Pee-Wee-League girls' softball team had a championship game in Santa Domingo) as they arrive at Japan's Narita International Airport for a promotional press tour.

It could be! If a concerned reader and some troubling information about the cult is to be believed. The actress and Cruise-wife was at the SAG awards on Sunday, looking a bit... yellow.

Ever wish you could hear Isaac Mizrahi stress the importance of style and remind you of your own mortality every time your cell phone rang? You can! Click on the photo to your left to download the unofficial Mizrahi ringtone, which features Isaac at his most philosophical. (You'll find instructions on how to set it up on your phone here.) And remember: "Style makes you feel great because it takes your mind off the fact that you're going to die." Previous ringtones: Padma Lakshmi, Anna Wintour, Andre Leon Talley, and Bernie Madoff.