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Tuesday, January 26, 2010

Ind. Courts - Still more on "Shopping mall tycoon Melvin Simon's daughter sues widow over will"

Updating this ILB entry from January 21, 2010, John Russell of the Indianapolis Star reports, under the headline "Simon Property files complaint against co-founder's widow", in a story that begins:

Now the company that shopping-mall tycoon Melvin Simon built is becoming legally entangled in the family feud over the late billionaire's will.

Indianapolis-based Simon Property Group, the world's largest publicly traded retail estate company, filed a complaint Monday in Hamilton Superior Court against Simon's widow, Bren Simon.
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She is seeking to convert about 6.5 million shares of "partnership share units" in the family trust into common stock or cash. The amount of stock or cash was not specified.

The company, in its complaint, said the shares cannot be converted because they are tied up in a legal challenge to Melvin Simon's will by Deborah Simon, a daughter from a previous marriage.

The company's complaint said it is not taking sides in the dispute or trying to insert itself into the issues brought up in the family's legal battle over Melvin Simon's will.

Melvin Simon's son, David, is chairman and chief executive officer of Simon Property Group, as well as an heir.

Posted by Marcia Oddi on January 26, 2010 07:49 AM
Posted to Indiana Courts