Brandon Davis, the grandson multi-billionaire Marvin H. Davis and brother to Celebrity Rehab star Jason Davis, was busted around 4:30am this morning at the Roosevelt Hotel in Hollywood.

The good friend of Paris Hilton was arrested before dawn after an altercation where her punch comedian Ben Gleib. When the officers responded to the scene, they found illegal drugs and Brandon was taken in and charged with a felony of drug possession. His bail was $10,000 and he has yet to be released.

No word yet on if he an additional charge of battery will be added to his case.

Story developing…

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Bad boy Brandon Davis was arrested last night, according to TMZ for battery and possession of a controlled substance after a physical altercation in Hollywood with a regular guest on ‘Chelsea Lately’!

According to TMZ, the police were called to the Roosevelt Hotel after Brandon punched comedian Ben Gleib in the face. Prior to the scuffle, Davis had been denied entry to David Arquette’s club, Beacher’s Madhouse for acting erratically.

When the police arrived on the scene, they searched Davis and found drugs – which police sources tell TMZ was cocaine.

Davis was then arrested for battery and possession of a controlled substance, which is a felony. He’s currently being held at the Hollywood Police Department.

TMZ has VIDEO of the arrest!

Avril Lavigne is seen ducking into a building with oil heir Brandon “Greasy Bear” Davis yesterday. Since Lavigne’s divorce from Sum 41 singer Deryck Whibley she has been linked most recently to the Hills/Kardashian Family’s Brody Jenner.

Fame

Mischa Barton was said to be devastated after hearing about a recent Twitter post from ex-boyfriend Brandon Davis that made cruel comments about her weight. (Read the nasty tweets here)

But now, Brandon tells In Touch exclusively that not only did he not make the taunts, he doesn’t even have a Twitter account! “I would never say anything nasty about Mischa, especially about her weight,” the oil heir tells In Touch.

“I am pissed that someone stole my identity and started Twittering things.”

Even his friend Michele Gargani knows he doesn’t do the whole Internet thing: “He has no clue what Twitter is, so it is obviously a fake account.”

One insider reports that Mischa has been offered $100,000 to publicly lose weight with Jenny Craig, although the company denies that claim.

Besides, says the insider, “Mischa’s not that fat and is working out with a trainer to get her body back to what it was before.”

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Brandon Davis is a total douche!! Check out what he posted about Mischa Barton on his Twitter! What a pig!

So she’s gained a little weight…. but that was quite a dickish move!

What is up with this weird outing? Fergie was spotting having lunch with Brandon Davis yesterday. Word is that the two use to date years ago!! I never even would have suspected these two of going out.  They both have their respective significant others but it’s still strange that they were eating together!

Did anyone else know that these two dated?

Brandon Davis is normally known for being extra greasy and for calling Lindsay Lohan her infamous nick name, but now he’s known for dating good looking chicks! Currently, Mr. Davis is being linked to Victoria’s Secret model/angel Miranda Kerr! Brandon was seen out and about with the model this past week. As soon as they spotted the media, Miranda quickly broke stride with Mr. Davis and walked away seperatly!

Miranda has been linked to Orlando Bloom in the past and was even spotted apartment hunting with him at the beginning of this year. Mr. Bloom also made an appearance backstage at the Victoria’s Secret fashion show to show support for Mr. Miranda Kerr!

Who would you pick!!!???