Emails Heat Up Lawsuit Over Sale of Pacers Stake
Attorneys for the IRS have gotten their hands on an email that appears to buttress their case that Herb Simon received a sweetheart deal when he acquired his ailing brother Mel’s 50 percent ownership in the Indiana Pacers in early 2009, just a few months before Mel died at age 82. Whether Mel got full value for his stake matters because, if he didn’t, Herb effectively received a massive …