Finnish businessman Peter Nygård lost the defamation case.
Peter Nygård from Finland is sitting in prison serving his 11-year sentence for sexual crimes. The picture is from 2015. PDO
Finnish-Canadian former fashion mogul Peter Nygård has lost his lawsuit again.
It is a long-running defamation case in which the billionaire Louis Bacon claimed that Nygård has been spreading lies about him. Bacon won the lawsuit.
Bacon and Nygård were neighbors in the Bahamas, and they had a dispute about, for example, how the waterfront areas of the properties should be used. The dispute has lasted for years, and during that time Nygård has spread various claims about Bacon. Among other things, Nygård claimed that Bacon belonged to the Ku Klux Klan, and that he was a supporter of white supremacy, a murderer and a drug dealer.
Peter Nygård on his way to trial in 2024. ZumaWire / MVPHOTOS
Judge Richard Latin said in his judgment of 23.12.2025 that Nygård admitted that he has no evidence for his claims.
Nygård and Bacon have filed more than 25 lawsuits against each other over the decades.
Nygård’s lawyer By Peter Sverdin according to Nygård, he plans to continue processing the case and plans to appeal the verdict.
In September 2024, Nygård was sentenced to 11 years in prison for four sex crimes in Canada. The victims of sexual crimes have been three women and one 16-year-old girl.
Nygård has denied the charges.
Source: Reuters