A hedge fund billionaire has been awarded $203 million after a New York court ruled he was defamed by his former Bahamas neighbor Peter Nygard following a decade-long feud ignited by a shared driveway. , was ordered by a New York court-appointed judge to pay the biggest defamation settlement in the state's history to Moore Capital Management founder Louis Bacon after peddling several wild allegations.
Bacon complained that Nygard, who used a driveway owned by Bacon, held several disruptive parties at his residence, while Nygard accused Bacon of scuppering his redevelopment plans after a fire,This gradually escalated into increasingly vicious attacks by Canadian fashion mogul Nygard, with Bacon's lawyers saying he personally spent $15 million on a smear campaign against Bacon.
According to the FT, Judge former U.S. District Judge Layn Phillips said the"overwhelming" and"truly stunning" nature of the evidence brought forward warranted the record sum.
Health Health Latest News, Health Health Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
3 brand-new 2010 Tesla Roadsters were found in shipping containers3 of Tesla's earliest sports cars were discovered brand-new in shipping containers and are now up for sale
Source: BusinessInsider - 🏆 729. / 51 Read more »