After initially clashing over a property dispute, the two titans have battled in and out of court for years.
THE BOUT CONTINUES: One day after a Manitoba court judge approved the liquidation of Nygård’s retail properties, lawyers for Peter Nygård filed a motion to amend his racketeering complaint against Louis Bacon.
In March, a group of companies owned by Nygård went into receivership and are under the control of the Richter Advisory Group. On Wednesday, Manitoba’s Court of Queen’s Bench approved the liquidation sale of assets and inventory belonging to Nygard at a date to be determined. The Nygård chain had 169 retail outposts and 1,450 employees at one time.
Nygård’s motion to amend the racketeering case against Bacon was filed in the U.S. District Court for the Southern District of New York. The motion alleges that, through the nonprofit Sanctuary, Bacon and his brother Zack provided financial support to women who disparaged Nygård.
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