On June 9, 2026, the New York State Supreme Court, Commercial Division, granted summary judgment on behalf of our clients against Getty Images Holdings, Inc. (“Getty Images”) (NYSE: GETY) in the amount of approximately $92 million, inclusive of prejudgment interest. Our clients in the action are individual and institutional holders of public warrants in Getty Images who were prevented from exercising their warrants as of August 22, 2022 based upon the false assertion that the warrants could not be exercised until an SEC Form S-1 resale registration statement became effective. This victory in Funicular Funds, LP, et al. v. Getty Images Holdings, Inc., Index No. 653410/2024 (N.Y. Cnty., Commercial Division), follows prior victories obtained against Getty Images in actions Rakower Law commenced as lead counsel. Those cases resulted in damages of approximately $53 million, plus interest, and are captioned CRCM Institutional Master Fund (BVI) Ltd., et al. v. Getty Images Holdings, Inc., No. 1:23-cv-01074-JSR (S.D.N.Y.) and Lapp v. Getty Images Holdings, Inc., 1:24-cv-05129 (S.D.N.Y.)
