Jun 9, 2011 11:03 AM by Lauren Wilson & AP
NEW ORLEANS (AP) - A state appeals panel has upheld the
court-ordered transfer of control over Blaine Kern Artists Inc. to the Mardi Gras magnate's son, Barry Kern.
The Times-Picayune reports the one-sentence ruling Tuesday denied the elder Kern's challenge to an April ruling by Civil District Court Judge Kern Reese that enforced a father-son deal confected last year. That deal was intended to quell a family rift that threatened float production for a number of the largest Carnival parades.
At issue, Barry Kern argued, was the financial stability of the company. He twice filed suit against his father, saying the 83-year-old Kern Sr. had meddled with management and sapped its cash reserves.
2 hours ago