IPO: Mark Zuckerberg's stake in Facebook's initial public offering is valued at $28.4 billion, according to Bloomberg. That would make him richer than the Google Inc. co-founders and put him on par with Oracle's Larry Ellison.
Inflation: A new round of lawsuits against 12 law schools alleges that schools inflated their graduate employment data. This is the same legal team that brough suit against Thomas M. Cooley School of Law and New York Law School. The National Law Journal's Karen Sloan reports.
Hacking: London police investigating the phone hacking scandal have turned their sights on the Times of London, News Corp.'s flagship newspaper, The New York Times reports. Gerson Zweifach has his work cut out for him.
Groundhog Day: Punxsutawney Phil allegedly saw his shadow this morning, indicating there will be six more weeks of winter instead of an early spring, reports Capitol Weather Gang. Tell that to Mother Nature, as the temperature at National Airport yesterday topped out at 72.