UBS Battles Wealthy Canadian Family Over Buyout of Tech Firm

UBS Groupand a rich family from Montreal are in the final stretch of a legal fight over the buyout of a Canadian technology company, a dispute that escalated when the Swiss bank sued for its fee.

Members of the Ahdoot family are seeking C$295 million ($217 million) in damages from UBS, which they hired several years ago to help resolve an ownership battle at Hypertec Group Inc.

Closely held Hypertec, which sells IT products and services such as servers, was founded in the 1980s by two brothers, David and Robert Ahdoot, and some of their children eventually joined ...