Allegedly! The part about them assaulting an officer of the law, not about them being dressed as women, that's been pretty well established (and the faded lipstick and eye make-up seen at left don't lie). According to the Boston Herald, HBS'ers Christian Huot and Dina Mustafa Sidna were thrown out of the "Priscilla Ball" going down at Tequila Rain on Friday night for "high level of intoxication and disruptive behavior." The girls (for the night) were not happy about that, and it was after they were told they could not go back inside (supposedly to retrieve their belongings-- purses, etc) that things escalated:

After the club's staff told police they couldn't find any inside, the officers advised Huot and Sidani to call management the next day, cops said, but Huot and Sidani refused to leave.
Then, police said, Sidani called the cops racists, saying, "I'm a Lebanese citizen. I'm going to call the Lebanese Embassy," while Huot stuck his arms out, saying, "Arrest me. I want you to arrest me."

Naturally, the business leaders of tomorrow saw the potential dollar signs:

A crowd started to gather, and when one of the officers tried to escort him up Lansdowne Street, Huot allegedly grabbed him by the throat. The officers wrestled him to the ground and handcuffed him, police said, while Sidani tried to photograph them with a camera phone, saying, "This is going to get us a lot of money."

Huot's attorney, who represented the Craiglist Killer, is confident this can all be settled quickly, as it would be a shame to rob Wall Street of this up and coming star.

"Mr. Huot is a promising and talented business school student," John Salsberg said yesterday. "This is a matter that can be successfully mediated, if all the parties are willing."