Melvin Simon's daughter, who's seeking to remove her stepmother from overseeing a trust that holds her late father Melvin's
fortune, says a corporate trustee is a better option than brother David Simon or family financial adviser Bruce Jacobson.
Deborah Simon is seeking
the removal of her stepmother and appointment of a corporate trustee while her lawsuit challenging changes
to the late billionaire's will plays out. The move is the latest salvo in an escalating battle over
an estate that could be worth $2 billion.
Simon Property Group Inc. is suing Bren Simon, the widow of company founder Melvin Simon, over her effort to convert part
of her late husband's ownership stake in the publicly traded mall giant into common shares or cash.
Bren Simon says in a new court filing that her billionaire husband Mel Simon granted her a bigger share of his fortune in
the last year of his life because of alarm over Simon Property Group's plunging stock price and a sharp cut in its cash
daughter Deborah filed court papers Thursday afternoon charging her father was coerced into approving a
new estate plan in February 2009 that dramatically increased the amount of his fortune going to her stepmother, Bren.
I happened to be in Indianapolis the week before Mel Simon passed away on Sept. 16, and talked with his secretary about visiting him briefly, because I knew he was very ill. But he was too ill to see me.