Estate of Ultra Festival Co-Founder Loses Stock Fight

The company that licenses the brand for Miami's Ultra Music Festival won a key appellate dispute against the estate of co-founder Alex Omes. Florida's Court of Appeal, Third District, has ruled that Omes' brother, Carlos, will not be appointed president of Ultra Enterprises Inc. and will have to accept the court's valuation of Alex Omes' shares, which was about 2% of what Alex Omes argued it should be.

3 minute read October 02, 2017 at 12:05 AM
By
Celia Ampel
Estate of Ultra Festival Co-Founder Loses Stock Fight

The company that licenses the brand for Miami's Ultra Music Festival won a key appellate dispute against the estate of co-founder Alex Omes.

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