peHUB First Read

* Brad Feld: Board meeting lessons from the Supreme Court * Buyout blackball? Why private equity is having such a hard time getting into bank deals. * What lessons can be drawn from the Bear Stearns aquittals? Mark Gimein says it's that white dollar defendants should sit down and shut up. * Morning Call: U.S. futures point lower, London opens flat, European shares stay put, the Nikkei slips and Hong Kong loses 1.01%. * Four stages of private equity fund life. * Zynga CEO Mark Pincus discusses the Playfish acquisition by EA. * As we wait to see if TPG Capital partners with American Airlines for a stake in Japan Airlines, Shasha Dai runs down TPG's hits and misses in the airline space.