The band is now seeking $17 million in damages, following a suit Holmes filed in August.
Yng Lvcas was a six-time finalist at the 2023 Billboard Latin Music Awards.
Founded by The Core Entertainment's Kevin "Chief" Zaruk and Simon Tikhman, the new producer management division will be led by Tim Crane.
He receives the first-ever honor following three rounds of voting by his peers.
The booking agreement is Loud and Live founder Nelson Albareda's bid to support the resurgence of tropical music.
The Spanish superstar is now repped by Jaime Levine of Seven Mantles, who is no longer managing Shakira.
The veteran manager, who also represents Troye Sivan and Charli XCX, launched his new company in August.
Holmes says the band owes him unpaid commission on its yet-to-be-released tenth and eleventh studio albums and related tours.
After parting ways with Braun for management, sources confirm the star plans to leave the company entirely.
Amendments to the deal made three years ago extended the agreement through 2027 – presenting a puzzle for both parties.
