Before his death, Ultra co-founder Alex Omes argued his shares of the company were worth millions.
August 25, 2017 at 12:27 AM
1 minute read
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.
The Third District Court of Appeal ruled Wednesday 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 percent of what Alex Omes argued it should be.
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