Ackman's conflicting role focus of GGP creditors, Simon Property:

03/3/2010 | Bloomberg · Reuters

General Growth Properties creditors and Simon Property Group are taking aim at what they say is a conflict of interest with William Ackman's Pershing Square Capital Management. Pershing Square is backing Brookfield Asset Management's bid to acquire GGP. Ackman sits on General Growth's board. "Ackman, therefore, now has a unique and personal interest in making sure that Brookfield is approved as General Growth's stalking horse," lawyers for Simon wrote in a court filing.

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Bloomberg · Reuters

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