(Reuters) 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.
Bacon, the founder of Moore Capital Management LP in New York, had accused Nygard in the lawsuit of engineering a “malicious” smear campaign against him including street rallies, bogus YouTube videos, and attempts to falsely link him to arson, bribery, drug smuggling, the Ku Klux Klan and murder.
