Simon Property Group, Inc (SPG) Investor Lawsuit Over CEO's

Simon Property Group, Inc (SPG) Investor Lawsuit Over CEO's
Compensation Announced by Shareholders Foundation 
SAN DIEGO, CA -- (Marketwire) -- 11/28/12 --  The Shareholders
Foundation, Inc. announces that an investor in shares of Simon
Property Group, Inc (SPG) filed a lawsuit against directors of Simon
Property Group, Inc over allegedly improperly increasing the CEO's
compensation for 2011.  
If you are a current long-term stockholder in shares of Simon
Property Group, Inc (SPG), you have certain options and you should
contact the Shareholders Foundation, Inc. by e-mail at
mail@shareholdersfoundation.com or call +1 (858) 779-1554.  
The plaintiff alleges that certain directors of Simon Property Group,
Inc breached their fiduciary duties by agreeing to increase the CEO
David Simon' s compensation to $1.25 million annual salary, a cash
bonus of double the salary, and a $120 million stock award. The
plaintiff claims that the company's directors allegedly exceeded
their authority by amending the company's stock-incentive plan,
created in 1998, without seeking shareholders' approval. 
The plaintiff seeks to halt the $120 million bonus since it is not
tied to the company's performance and instead guarantees enormous
payments to the CEO simply if he stays employed by the company for
seven more years. 
On November 27, 2012, SPG shares closed at $151.02 per share. 
Those who are current long-term investors in shares of Simon Property
Group, Inc (SPG), have certain options and should contact the
Shareholders Foundation, Inc. by e-mail at
mail@shareholdersfoundation.com or call +1 (858) 779-1554. 
The Shareholders Foundation, Inc. is a professional portfolio legal
monitoring and settlement claim filing service, which does research
related to shareholder issues and informs investors of securities
class actions, settlements, judgments, and other legal related news
to the stock/financial market. The Shareholders Foundation, Inc. is
not a law firm. The information is provided as a public service. It
is not intended as legal advice and should not be relied upon.  
CONTACT: 
Shareholders Foundation, Inc.
Trevor Allen
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108 
 
 
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