International
Investor Louis Bacon Wins Defamation Case Against Ex-fashion Mogul Peter Nygard
UNITED STATES – Billionaire hedge fund manager Louis Bacon has won a long running defamation lawsuit against former fashion mogul Peter Nygard, stemming from a bitter dispute over their adjacent properties in The Bahamas.
Louis Bacon on the left, Peter Nygard on the right. Getty Images/Reuters.
UNITED STATES – Billionaire hedge fund manager Louis Bacon has won a long running defamation lawsuit against former fashion mogul Peter Nygard, stemming from a bitter dispute over their adjacent properties in The Bahamas.
A New York judge recently ruled Nygard admitted he had no evidence to support claims that Bacon was a murderer, drug trafficker or white supremacist.
Nygard, now serving an eleven-year prison sentence in Canada for sexual assault, says he plans to appeal the decision.
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