SPG · News · 20260804N

Private Firm Restructuring Dispute

SIMON PROPERTY GROUP INC. · 2026-08-04 · Importance 25 · Surprise 42

Herb Simon is suing the family of his late nephew David Simon over the dissolution of SFG Co. LLC, a 31-year-old real estate offshoot. The plaintiffs allege that the restructuring circumvented preferred distribution rights and excluded other equity holders from information about the changes. The lawsuit seeks to invalidate the restructuring, restore the original management, and obtain compensatory and punitive damages.

Key facts

• Herb Simon is suing the family of his late nephew, David Simon, over the dissolution of SFG Co. LLC, a 31-year-old real estate offshoot. source