Edward DeBartolo Quits DeBartolo Board

Simon DeBartolo Group Inc., the nation’s largest real estate company, said Edward DeBartolo Jr. resigned from its board, effective immediately, to pursue other interests. The resignation comes three months after reports surfaced that the developer and owner of the National Football League San Francisco 49ers team was being investigated by a federal grand jury looking into whether he had committed fraud in connection with a Louisiana casino license he won last March. The resignation leaves DeBartolo’s sister, Denise DeBartolo York, as the only DeBartolo family member on the Indianapolis-based company’s 12-member board. Representatives for Edward DeBartolo couldn’t immediately be reached for comment. Simon DeBartolo shares rose 94 cents to close at $33.63 on the NYSE. The resignation was announced after the close of trading.