NEW YORK — In the ongoing legal battle between hedge fund billionaire Louis Bacon and Canadian clothing magnate Peter Nygård, Bacon’s legal team has made three filings in the Supreme Court of the State of New York, New York County.
Bacon, chairman and chief executive officer of Moore Capital Management, and Nygård, a Manitoba-based fashion executive, have neighboring properties in the exclusive Lyford Cay area in the Bahamas and have clashed for years in and out of court. Bacon filed a $50 million defamation lawsuit against Nygard earlier this year and in April, Nygård struck back with his own 80-page filing, which seeks the same amount of damages.
Describing the case in the latest filings as “an unprecedented and malicious campaign of harassment and intimidation” waged by Nygård, Nygård International Partnership and Nygård Inc., Bacon’s team claimed the aforementioned “to this day continue to spew outrageous lies about Bacon – a highly-respected businessman, philanthropist, and conservationist,” including murder, arson, narcotics and weapons trafficking, an insider-trading indictment, and membership in the Ku Klux Klan. Defendants and their co-conspirators continue to spread these untruths about Mr. Bacon with full knowledge of, or reckless indifference to, their falsity. They have orchestrated their defamatory attacks on Mr. Bacon from the shadows by secretly compensating proxies—including lawyers, journalists, videographers, Web site developers, and bloggers—to publicly broadcast such falsehoods.”
In its filings, Bacon’s team has asked among other things that “scandalous, race-baiting, and made-for-tabloid accusations should be stricken” and that the court lift the automatic stay of disclosure to prevent Nygard “from continuing to game the system and postpone judgment day.”
Bacon’s attorney Orin Snyder a Gibson, Dunn & Crutcher partner said via email Friday, “Today’s filings further expose Peter Nygard’s reprehensible smears and attacks on Louis Bacon. We ask the Court to put an end to Nygard’s abuse of the judicial system and delay tactics, and to put this case on track for trial. We look forward to our day in court and to vindicating the truth.”
An attorney for Nygard, Aaron Marks of Kasowitz, Benson, Torres & Friedman LLP, said via email Friday, “Bacon is trying to lift an automatic stay imposed on his lawsuit after Nygard moved to dismiss these frivolous claims. If anyone is trying to game the system, it’s Bacon’s team. We are just following the rules.”