Hedge Fund CEO Bacon Opens New Front in Bahamas Backyard War

Louis Bacon has had enough of looking only to Bahamian courts for satisfaction in a star-studded, not-in-my-backyard-battle with a Canadian clothing magnate. Now he’s come to New York.

The hedge fund founder asked a Manhattan court to grant him access to recordings he claims will prove his Bahamas neighbor, Canadian clothing maker Peter Nygard, ran a “smear campaign” with faked videos portraying him as an insider trader, drug trafficker, Ku Klux Klan member and murderer.