Welcome to the Smart Set. Every morning we bring you the gossip coverage, filtered. Today: James Franco's academic pursuits have producer their first lawsuit, more backstory on that "unreadable" first draft of The Bourne Ultimatum, and Daniel Craig reportedly has an offer to be James Bond for five more movies.

Jose Angel Santana, formerly a professor at New York University's Tisch School of the Arts, says he was fired for giving James Franco a 'D' after the actor missed 12 of his 14 "Directing the Actor II' classes. Santana's filed a lawsuit against the school, and tells the New York Post that NYU "bent over backwards to create a Franco-friendly environment." The Post says Santana "suggested that the good grades Franco received [in other courses] were payback to the actor for hiring one of his other professors, Jay Anania" to write and direct the film William Vincent, and that he missed just as many classes in other courses. "In my opinion," says Santana, who's suing to get his job back, "they’ve turned the NYU graduate film degree into swag for James Franco’s purposes, a possession, something you can buy." Neither NYU, Anaina, or graduate film department chairman John Tintori had any comment. [New York Post]

Sources are saying that Matt Damon's GQ potshot at Tony Gilroy for delivering an "unreadable" first draft of The Bourne Ultimatum represents the culmination of "a deep years-long rift over who is the true keeper of the Bourne flame: [director Paul] Greengrass, who directed the second and third films to ever-growing grosses, or Gilroy, who has been a writer on every Bourne." The story goes that when Greengrass came aboard as director of the franchise's second installment, The Bourne Supremacy, he and Gilroy "began to loathe each other" because of their clashing styles. Gilroy wouldn't have even worked on the third installment, sources say, "except Greengrass couldn't develop a script in the time allotted" and Universal basically came to him asking to save the franchise's bacon. So while Damon may not have been happy with what was delivered, Gilroy "made it clear [to Universal] that he would do only one draft and possibly a revision because he was committed to his directing debut, Michael Clayton." Adding to Damon's displeasure with the writer: the fact that the production office for The Bourne Legacy, the Gilroy-directed fourth movie in the franchise, which is starring Jeremy Renner, opened right across from Damon's trailer on the Vancouver set of his next film, Neill Blomkamp's Elysium. [The Hollywood Reporter]

Hillary Clinton, Sen. Kristen Gillibrand, and Rep. Debbie Wasserman Schultz were all on-hand for Huma Abedin's baby shower on Saturday, which was held at the home of Rima Al-Sabah, wife of Kuwaiti ambassador Salem Al-Sabah. Abedin and husband Anthony Weiner are expecting their first child on December 31st. [The Reliable Source]

Daniel Craig has reportedly been offered "a multi-million pound deal" to star in five more James Bond films, bringing his total number of appearances up to eight. (Roger Moore, the current clubhouse leader for most Bond appearances, appeared in seven films over 12 years.) The exact terms of the new deal aren't known, though it's expected that the new pact will pay Craig more than £8 million a film, which is what he's believed to be earning for the latest installment, Skyfall. [The People via The Hollywood Reporter]

In an interview with Vogue, Marc Jacobs confirmed that he wouldn't be joining Dior as head designer anytime soon, but didn't exactly seem thrilled to be staying at Louis Vuitton either.. "I am at Vuitton, and I am very happy there,” he said. “There have been on-and-off conversations about Dior. I don’t know; maybe years from now, I may end up going someplace else, maybe Dior." [Vogue via Page Six]