During his little dispute with his Bahamian neighbor, Moore Capital Management chief Louis Bacon has heard some unpleasant things about himself. To pick a few, Canadian discount fashion mogul Peter Nygard has alleged:
• That, like his ancestors before him, Bacon is a secret member of the Ku Klux Klan;
• That Bacon sidelights as a drug kingpin;
• That Bacon ordered his groundskeeper to burn Nygard’s house to the ground;
• That Bacon then drowned said groundskeeper to shut him up;
• That Bacon tried to kill Nygard with “military-grade” speakers.
For his part, Bacon has another word for those allegations: defamation. Unfortunately for him, those defamations allegedly happened in the Bahamas, so New York Supreme Court Justice Cynthia Kern isn’t really sure why he’s telling her about them.
A New York state judge on Wednesday threw out billionaire hedge fund manager Louis Bacon's $100 million defamation lawsuit against Canadian fashion designer Peter Nygard, saying the case tied to their long-running feud over neighboring properties in the Bahamas belongs there...Supreme Court Justice Cynthia Kern in Manhattan wrote that while Bacon is a New York resident, the Bahamas is a "more appropriate forum" for his case. She said this was because most of the actions that Bacon accused Nygard of undertaking to further his alleged smear campaign occurred in the Bahamas, and most of the potential witnesses live there.