Hedge Fund Billionaire Louis Bacon Files $50 Million Defamation Lawsuit Against His Bahamas Neighbor

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Hedge fund billionaire Louis Bacon has filed a $50 million defamation suit in New York against his Bahamas vacation home neighbor–Canadian fashion magnate Peter Nygard.  In the complaint, Bacon alleges that Nygard has waged an “obsessive and malicious” smear campaign against him since mid-2010. According to the complaint, Bacon alleges that Nygard spread “brazen lies” that he:  murdered multiple …

Hedge fund billionaire Louis Bacon has filed a $50 million defamation suit in New York against his Bahamas vacation home neighbor–Canadian fashion magnate Peter Nygard.  In the complaint, Bacon alleges that Nygard has waged an "obsessive and malicious" smear campaign against him since mid-2010. According to the complaint, Bacon alleges that Nygard spread "brazen lies" that he:  murdered multiple …

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