Persistent Current States in Bilayer Graphene
  We argue that at finite carrier density and large displacement fields, bilayer graphene is prone to $\ell =0$ and $\ell = 1$ Pomeranchuk Fermi surface instabilities. The broken symmetries are driven by non-local exchange interactions which favor momentum space condensation. We find that electron-electron interactions lead first to spontaneous valley polarization, which breaks time-reversal invariance and is associated with spontaneous orbital magnetism, and then under some circumstances to a nematic phase with reduced rotational symmetry. When present, nematic order is signaled by reduced symmetry in the dependence of optical absorption on light polarization. 
Jeil Jung, Marco Polini and Allan H. MacDonald
cond-mat.mes-hall