Moore Capital’s Bacon Says Nygard Forced Him to Flee The BahamasBob Van Voris
Moore Capital Management founder Louis Bacon stepped up a legal fight with his Bahamas neighbor, Peter Nygard, claiming the Canadian clothing magnate forced him to flee the island nation because he feared for the safety of his family.
The two men have been embroiled in a dispute over Nygard’s plan to expand his property in the exclusive Lyford Cay, with Bacon winning support against the build-out from celebrity homeowners including Sean Connery and Robert F. Kennedy Jr. Bacon sued Nygard for defamation in January and now amended the complaint to include claims of threats, vandalism and violence.
“The harassment campaign has intimidated Mr. Bacon and his family such that they can no longer return to the Bahamas for fear of bodily harm,” Bacon claimed in the revised complaint, filed Tuesday in Manhattan state court.
Nygard is the chairman and founder of Nygard International Ltd., which designs and sells women’s clothing to stores including Sears Holdings Corp. and Dillard’s Inc. Bacon claimed Nygard used his company’s Times Square headquarters and employees in the harassment campaign.
Nygard denied the claims saying in a statement the new court documents are just “a thinly veiled attempt to generate additional publicity.”
Nygard said Bacon is using the lawsuit to deflect media attention from his attempts to replace the ruling party in the Bahamas and prevent Nygard from rebuilding his home, which was damaged by a fire several years ago.
Bacon claimed Nygard falsely reported to police that he had illegal “military-grade” weapons on his property. In a 2010 raid, 11 officers from the Bahamian anti-terrorist squad conducted a four-hour search of Bacon’s home in which no illegal weapons were found, he said.
Bacon claimed Nygard’s lawyer in the Bahamas “instigated a mob riot” in which workers carrying sticks and metal weapons surrounded the car of another lawyer, who was allied with Bacon. One of the workers shattered the car’s back windshield with a steel bar, the hedge fund owner said in the new complaint.
Bacon also claimed Nygard’s employees vandalized his property, destroying four security cameras and removing security gates. Nygard was behind threats and staged “hate rallies” targeting Bacon, including one with Nation of Islam Minister Louis Farrakhan, Bacon said.
Bacon said he was married in the Bahamas and educated his children there. He said he spent more than half the year in the Bahamas in 2008 and 2009, but hasn’t seen his Lyford Cay home in almost a year for fear of getting hurt. He’s seeking at least $115 million in damages from Nygard and two Nygard companies.
Bacon originally sued Jan. 14, claiming Nygard spread lies about him in the press and on the Internet. Bacon claimed Nygard commissioned Internet attack videos falsely accusing him of murder, insider trading, drug smuggling and membership in the Ku Klux Klan.
“The amended complaint provides new evidence of Nygard’s obsessive and malicious harassment campaign, including acts of violence and vandalism,” his lawyer, Orin Snyder, said in a statement today. “We are asking the New York courts to hold Nygard responsible for his outrageous actions.”
The case is Bacon v. Nygard, 150400/2015, New York State Supreme Court, New York County (Manhattan).
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