Bacon Turns Up Heat In Bahamian Clash

Oct 30 2014 | 10:11am ET

The already-bitter feud between Moore Capital Management’s Louis Bacon and a Bahamas neighbor is set to turn even uglier.

A federal court in New York has ordered a former videographer for Canadian fashion designer Peter Nygard to turn over more than 1,000 hours of footage that Bacon believes shows Nygard orchestrating a smear campaign against him. The videos carry titles including “Is Louis Bacon a Racist?” and “Is Louis Bacon a Murderer?”

In addition, Bacon this week offered new allegations in the Bahamas that Nygard sought to bribe island officials.

Bacon and Nygard have been fighting for years over Nygard’s compound in the Bahamas’ exclusive Lyford Cay neighborhood. The hedge-fund manager alleges that Nygard has nearly doubled the size of his property by illegally dredging and building sea walls, threatening the area’s ecosystem. He also alleges that Nygard is rebuilding his 150,000-square-foot home without necessary permits.

Nygard’s lawyers said that the legal battle over the videos is “nothing more than a thinly-veiled attempt” to block Nygard’s construction. They also called into question the new bribery evidence, saying it could “very well be fabricated” or “could have been brought about illegally.”

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