Paul Ceglia—who claims that an old contract with Mark Zuckerberg entitles him to half of Facebook—has failed to have Facebook's counsel at Gibson Dunn disqualified because of a supposed conflict of interest. On Thursday a judge not only found the disqualification motion to be frivolous, but also indicated that he will impose sanctions on Ceglia's lawyer for filing it. Perhaps more importantly, the judge ordered Ceglia to produce a document that, according to Gibson Dunn, proves definitively that he's a fraud.

Judge Jed Rakoff, fresh from cementing his reputation as a scourge of Securities and Exchange Commission settlements, has set his sights on a different purported protector of investors' interests: securities class action law firms.

Dean Boland, one of the few lawyers who hasn't already fled Paul Ceglia's case against Facebook amid allegations of fraud, is going to have to stick around even longer. Meanwhile Ceglia says a new "highly respected, nationally recognized law firm" is about to join his side.