Louis Bacon Wins Defamation Case Against Ex-Fashion Mogul Nygard

Billionaire hedge fund founder Louis Bacon won his decade-old court claim that the Finnish-Canadian fashion mogul Peter Nygard defamed him by saying the financier was a murderer, drug trafficker, arsonist, insider trader and member of the Ku Klux Klan.

“Mr. Nygard failed to provide any evidence whether the statements made by Mr. Nygard had any truth,” Richard G. Latin, a state court judge in Manhattan, wrote in a decision on Monday resolving the issue in Bacon’s favor.

The ruling is the latest turn in a bitter, years-long feud between the two men, formerly next-door neighbors in the Bahamas’ exclusive ...