Mel

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 …