Never underestimate how hard the rich will fight over beachfront property.
That’s one takeaway from litigation now unfolding in Manhattan, California and the Caribbean, where two billionaire neighbors are locked in a nasty battle over prime oceanfront real estate in the Bahamas. In New York, Gibson, Dunn & Crutcher, representing hedge fund founder Louis Bacon, is using some of its patented moves from the Chevron-Ecuador litigation to try to dig up dirt on Bacon’s nemesis, Peter Nygard, who owns a Canadian women’s fashion company. Bacon wants to stop Nygard from further expanding the shoreline around Nygard’s 150,000-square-foot compound, where he’s known for throwing extravagant parties.
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