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Manhattan Judge Rules for Louis Bacon After Nygard Admits He Had No Evidence

Nygard plans to appeal, prolonging a feud rooted in a Lyford Cay property dispute.

Overview

  • Justice Richard Latin’s order in New York records Nygard’s concession that he lacked proof for his public allegations against Bacon.
  • The decision resolves a suit Bacon filed in 2015 accusing Nygard of an orchestrated smear effort using doctored videos and street rallies.
  • Nygard’s statements falsely linked Bacon to murder, narcotics trafficking, arson, bribery, insider trading and the Ku Klux Klan, according to the complaint.
  • Nygard, 84, is serving an 11-year sentence in Canada for sexual assault and also faces additional charges in Canada and a U.S. indictment in New York.
  • Attorney Peter Sverd says Nygard is disappointed with the ruling and intends to challenge it on appeal.