Lawsuit of the Filthy Rich versus the Filthy Rich

Usually I report on lawsuits that involve plain old individuals like you and me. But the opening paragraphs of this Times article about a very different kind of lawsuit − Louis Bacon and Peter Nygard Move Bahamas Feud to New York – − is so juicily outside the realm of Sidebar, I am convinced you’ll enjoy it:

Updated, 9:34 p.m. | The hedge fund billionaire Louis M. Bacon has filed a lawsuit against the Canadian clothing magnate Peter Nygard, claiming a long history of character assassination and numerous environmental misdeeds related to Mr. Nygard’s large property in the Bahamas.

The suit, filed jointly with an environmental organization based in the Bahamas, is the latest volley in a bitter spat between the two billionaires who have adjoining mansions in the exclusive enclave of Lyford Cay in the Bahamas and who have battled each other for years over Mr. Nygard’s building ambitions.

Now, after years of legal jousting in the Bahamas, the case will move to a larger courtroom stage in Manhattan this fall and will offer a titillating glimpse of the private life of one of Canada’s more controversial business titans.

As an added encouragement to read the entire article, here are a few phrases, names and words dropped into this lawsuit: racism, “murderer, drug trafficker and member of the Ku Klux Klan,” playboy in the style of Hugh Hefner, “Mayan-themed” mansion, Nation of Islam and Louis Farrakhan.

Nice full-color photos, too. But that’s enough titillation.

I think such lawsuits are sort of sports/entertainment. We sit on the bleachers, gobbling popcorn, as two awfully rich guys fight it out in a courtroom arena.

P.S. Once again, I ask: aren’t you glad you’re not rich?

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