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Article: Simon Property Group Resolves Claims in New Hampshire Giftcard Litigation

Article from:
U.S. Newswire
Article date:
February 20, 2007
Copyright

To: LEGAL AFFAIRS EDITORS

Contact: Billie Scott of Simon Property Group, Inc., +1-317-263- 7148, or bscott@simon.com; or Thomas D. Pagano for Simon Property Group, Inc., +1-314-982-1702, or paganot@fleishman.com

INDIANAPOLIS, Feb. 20 /PRNewswire-FirstCall/ -- Simon Property Group, Inc. (NYSE: SPG) today announced a voluntary settlement with the New Hampshire Attorney General's office that resolves a major element of the litigation regarding the Simon Visa Giftcard program.

In August 2006, the federal District Court in New Hampshire held that all Simon Visa Giftcards issued after September 1, 2005 comply with applicable law. The Court made no decision regarding the Bank of America-issued ...

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