Quips a tipster: “Dreier gets $20 million bond — but he didn’t steal enough to pay. This guy is no Madoff.”

Dreier Gets $20 Million Bond [Bloomberg]
Dreier to Remain in Jail [Am Law Daily]
Judge Says No to Bail Request; Dreier to Stay Behind Bars [WSJ Law Blog]

Earlier: Prior ATL coverage of Marc Dreier

* If you don’t have hooters you can’t work there. Hooters discriminates against men by refusing to hire them, a class action argues. Get over it sissies, and grow some boobs. [Courthouse News Service]

* In less pressing news…President-elect Barack Obama will issue an executive order to close Guantanamo within days of entering the White House according to senior advisors. [BBC News]

* Annoyed by your loud neighbors? At least you don’t live on 64th and Lexington next to Berny Madoff (well actually you probably do, I bet those apts. are sweet) His neighbors are incensed by yesterday’s decision to keep Madoff out on bail. Meanwhile, Fairfield Greenwhich has been sued three times by Madoff investors. [Bloomberg.com]

* I served my country, and all I got was special judicial help. An Illinois county is launching a special court to try veterans who commit non-violent crimes. [The Associated Press]

* Obama asked Congress for the second-half of the bailout money so he can stabilize the economy. [The International Herald Tribune]

More bad news for Marc Dreier, the formerly high-flying, Maxim model-dating litigator. From Bloomberg News:

Marc Dreier, the jailed New York law firm founder, must remain in prison while he fights charges that he swindled hedge funds, a federal judge ruled after a prosecutor accused the lawyer of stealing $380 million.

“The evidence does appear to show an enormous risk of flight,” U.S. Magistrate Judge Douglas Eaton said at a bail hearing today in Manhattan federal court for Dreier, namesake of the New York law firm Dreier LLP.

Dreier, 58, was arrested on Dec. 7 on U.S. charges that he persuaded two unidentified hedge funds to give him more than $100 million by claiming, falsely, that he was selling at a discount notes issued by New York developer Sheldon Solow. He was arrested after returning to New York from Toronto, where he had been briefly jailed for impersonating a lawyer at the Ontario Teachers Pension Plan.

More links and discussion, after the jump.

* California’s Supreme Court agreed to hear the case against Prop. 8. [Reuters]

* For all the associates who go crazy working late into the night in dark conference rooms dreaming of embezzling money from the firm—let this be a lesson to you. Employee Angela Marie Dees was arrested for stealing 1.67 million dollars from the California law firm Moore and Waxler. The crazy thing? The firm didn’t even notice until they did an audit. [mysuncoast.com]

* “Stung by outsize investment losses, some of the nation’s biggest companies are pushing Congress to roll back rules requiring them to put more money into their pension funds, just two years after President Bush signed a law meant to strengthen the pension system.” [NYT]

* A jury heard opening statements yesterday in the MySpace hoax case, the one where the suburban mother used a fake alias to terrorize a 13-year-old who killed herself as a result. [ABC]

* Even though bankers basically caused a world-wide recession causing thousands of lawyers to lose their jobs (thanks a lot), at least Barclay’s is giving the litigators some love. Barclay’s is suing a hedge fund for hiding $150 million in investments. [Bloomberg]

* Yesterday was National Toilet Day. Everybody who works on Wall Street already knew that. [UPI]

* Resignation in Detroit text-message scandal (previously discussed here). [Detroit News]

* A proud American tradition unknown in the rest of the world: bail for profit. [New York Times]

* Legal luminaries at the SOTU. [WSJ Law Blog]

* Trial begins in alleged microwaving of infant. [CNN]

* TRO against Patriots’ Moss extended until after Super Bowl. [SI]

* Mortgage crisis may affect litigation departments. [WSJ Law Blog]

* U.S. jails Colombian FARC leader. [BBC]

So it looks like no bail for Stephen Yagman, the colorful and controversial civil rights lawyer who was convicted last year of tax evasion, bankruptcy fraud and money laundering. Yagman will start his three-year prison term later this month.

Yagman asked to remain free on bail while appealing his conviction (to the Ninth Circuit — a court with which Yagman has a long and tortured history). But the district court denied his request.

Perhaps the court didn’t want Yagman out and about, dropping $2,000 on shoes and $262 on dinner — as he allegedly did just hours after filing for bankruptcy, as part of a scheme to avoid paying more than $200,000 in state and federal taxes.

High-profile LA lawyer denied bail [Associated Press]