Rakower Law, as lead counsel, won summary judgment for plaintiff James Lapp against Getty Images Holdings, Inc. (NYSE: GETY) in Lapp v. Getty Images Holdings, Inc., 1:24-cv-05129 (S.D.N.Y.).  The court’s opinion establishes that Getty Images wrongfully barred Mr. Lapp from exercising public warrants. This decision marks the second victory the Firm has secured against Getty Images on behalf of public warrant holders who were denied the opportunity to exercise warrants after the company’s 2022 de-SPAC transaction. In October 2023, CRCM Funds won $51 million on summary judgment in CRCM Institutional Master Fund (BVI) Ltd., et al. v. Getty Images Holdings, Inc., No. 1:23-cv-01074-JSR. Rakower Law represents warrant holders in 12 other lawsuits against Getty Images. Click HERE to view a copy of the Court’s decision in Lapp v. Getty Images Holdings, Inc., No. 1:24-cv-05129 (S.D.N.Y.).  

NEW YORK (NEWSWIRE) AUGUST 5, 2025 Rakower Law PLLC is actively investigating claims on behalf of public warrant holders of BRC, Inc. ("BRC") (NYSE: BRCC). This investigation arises from an action in the United States District Court for the Southern District of New York, Tang Capital Partners, LP v. BRC Inc., case number 1:22-cv-03476-RWL, in which the plaintiff established that BRC wrongfully denied it the right to exercise public warrants of BRC from March 11, 2022 through May 4, 2022, based upon the false assertion that exercise required an effective SEC Form S-1 resale registration statement. Rakower Law represents certain investors who were unable to exercise their public warrants in BRC as of March 11, 2022. If you held BRC public warrants and were unable to exercise them at any time from March 11, 2022 through May 4, 2022, please contact Michael C. Rakower at mrakower@rakowerlaw.com or (212) 660-5550 to obtain additional information about this investigation. Rakower Law's experience representing public warrant holders who were denied the right to exercise their warrants stems from the precedent-setting action it brought as lead counsel, CRCM Institutional Master Fund (BVI) Ltd., et al. v. Getty Images Holdings, Inc., No. 1:23-cv-01074-JSR, that resulted in a $51 million summary judgment victory for its clients. Since that time, Rakower Law has brought 13 additional actions against Getty Images Holdings, Inc. (NYSE: GETY) on behalf of public warrant holders. ABOUT RAKOWER LAW PLLC Rakower Law PLLC is a boutique commercial litigation firm located in New York City focused on aggressively representing clients in complex commercial disputes. For more information visit: https://www.rakowerlaw.com. CONTACT Michael C. Rakower 260 Madison Avenue, 15th Fl. New York, NY 10016 mrakower@rakowerlaw.com (212) 660-5550

Chambers recently interviewed Counsel Travis Mock about arbitration clauses in commercial contracts. The conversation provides an overview of procedural mechanisms for enforcing—or avoiding—arbitration and as well as tips for drafting contractual arbitration agreements that will deliver an arbitration process that meets the client’s expectations and business needs. You can watch the interview HERE.

Legal 500 uses its U.S. Elite rankings to identify lawyers “handling work at the top of the legal market in their respective cities.”  The purpose is to “allow clients to discovery the best of the best at the regional level.”  This year, Legal 500 identified 37 commercial dispute lawyers in its New York City Elite series.  Click here to see the full list.

Rakower Law has been recognized by Chambers in its USA Spotlight Guide 2025, highlighting the Firm's premier litigation practice among small and mid-sized law firms in New York.  This marks the second year in a row that Chambers listed Rakower law in its Spotlight Guide.

Rakower Law has cracked the ranks of elite law firms, earning a Tier 1 designation from Best Law Firms in America^® in its 2024 rankings of commercial litigation practices in the New York Metropolitan region and a Tier 3 Designation for commercial litigation practices nationally. Michael C. Rakower has again been singularly recognized by Best Lawyers^® for his commercial litigation work.

Partner Michael Rakower participated in Which Court? State or Federal and Why? / Selecting Your Jurisdiction, a panel discussion of lawyers and judges concerning procedural and strategic factors affecting whether to bring an action in state or federal court.

Counsel Travis Mock was interviewed by Chambers to discuss the increasing threat of wire and check fraud. Watch the full interview HERE.

Partner and General Counsel Sali Rakower was interviewed by Chambers to discuss the principles courts use to determine which jurisdiction’s law governs a multi-jurisdictional dispute. Watch the full interview HERE.

Rakower Law PLLC, as lead counsel, has commenced five new lawsuits against Getty Images Holdings, Inc. ("Getty Images") (NYSE: GETY) on behalf of several holders of Getty Images' public warrants. These actions allege that Getty Images wrongly prevented plaintiffs from exercising their warrants as of August 22, 2022 based upon the false claim that the warrants could not be exercised until an SEC Form S-2 resale registration statement became effective. All five cases follow on the heels of CRCM Institutional Master Fund (BVI) Ltd., et ano v. Getty Images Holdings, Inc., No. 1:23-cv-01074-JSR (S.D.N.Y.), a case Rakower Law, as lead counsel, commenced on February 8, 2023. The court in that case granted summary judgment in favor of plaintiffs, awarding more than $51 million in damages. Click HERE to view a copy of the Court's decision in CRCM Institutional Master Fund (BVI) Ltd., et al. v. Getty Images Holdings, Inc., No. 1:23-cv-01074-JSR. Click HERE to read our press release concerning the new lawsuits. Holders of Getty Images public warrants who were unable to exercise those warrants on or after August 22, 2022, are encouraged to contact Rakower Law.

Partner Michael Rakower was interviewed by Chambers to discuss SPAC litigation and the Firm's success in a recent landmark federal case. Watch the full interview HERE.

Rakower Law, as lead counsel, commenced an action against Getty Images Holdings, Inc. (NYSE: GETY) on behalf of two investment funds that had been wrongly prevented from exercising their public warrants in Getty Images following a de-SPAC transaction. The action alleged that Getty Images breached its contract by falsely asserting that the warrants could not be exercised until an SEC Form S-1 resale registration statement became effective. In October 2023, our clients won an award for every penny sought. Click HERE to view a copy of the Court's decision in CRCM Institutional Master Fund (BVI) Ltd., et al. v. Getty Images Holdings, Inc., No. 1:23-cv-01074-JSR. Click HERE to read our press release concerning the victory. Holders of Getty Images public warrants who were unable to exercise those warrants on or after August 22, 2022, are encouraged to contact Rakower Law.

Rakower Law partner Michael Rakower continues to establish himself as a thought leader in commercial litigation.  Recently, he served as a panelist during the New York State Bar Association’s annual Commercial Litigation Academy, which took place on November 3-4, 2022.

Michael moderated the panel entitled Civil Appeals and Argument.  He was joined by the following panelists: Appellate Division Justice Sharon A. M. Aarons (3rd Dept.); Hon. Anthony Carpinello (Ret.) (3rd Dept.), now a JAMS arbitrator; Gerard Rath of Shaub, Ahmuty, Citrin & Spratt LLP; and Michael McMahon of Bond Schoeneck & King.

NEW YORK (PRWEB) MARCH 29, 2022

Rakower Law PLLC is investigating claims on behalf of investors of Renren Inc. (“Renren” or the “Company”) who held shares of Renren in June 2018. (NYSE: RENN) This investigation concerns an action pending in New York Supreme Court, New York County entitled, In re Renren, Inc. Derivative Litigation, Index No. 653594/2018

The action includes allegations that Renren’s officers and directors breached fiduciary duties owed to the Company in connection with a series of transactions in which Renren’s investment portfolio was transferred to Oak Pacific Investments (“OPI”) in exchange for an inadequate cash dividend paid to certain minority shareholders who did not receive shares in OPI. In a recent decision, the court concluded that those Renren shareholders as of June 21, 2018 who received dividends in connection with the OPI transaction are entitled to recover on any judgment or settlement in the action.

Rakower Law PLLC represents an investor with sizeable Renren holdings as of June 21, 2018 who intervened in the pending court action. If you held Renren common stock or American depositary shares (“ADS”) on June 21, 2018 and received a cash dividend as a result, you are advised to contact Michael C. Rakower at mrakower@rakowerlaw.com or (212) 660-5550 to obtain additional information regarding this investigation.

ABOUT RAKOWER LAW PLLC

Rakower Law PLLC is a boutique commercial litigation firm located in New York City focusing on aggressively representing clients in complex commercial disputes. For more information visit: https://www.rakowerlaw.com.

CONTACT

Michael C. Rakower 260 Madison Avenue, 15th Fl. New York, NY 10016 mrakower@rakowerlaw.com (212) 660-5550

Partner Michael Rakower co-published “Failing to Heed ERISA’s Claims Procedure: A Fast-Track to Court and De Novo Review” in the November 5, 2021 edition of the New York Law Journal.  The article explores the consequences of an administrator’s failure to follow the claims procedure of an ERISA-governed benefits plan.  First, the administrator’s neglect permits claimants to skip their plan’s internal appeal process and go straight to court.  Second, it shifts the court’s standard of review of a benefits denial from arbitrary and capricious to de novo.  

In its 2021 rankings, Chambers USA has identified Rakower Law partner Michael C. Rakower as one of New York’s top commercial litigators. According to Chambers, “[I]ndividuals ranked in the New York General Commercial Litigation tables have secured their positions through consistently demonstrating their prowess in complex business disputes.”  Interviewees remarked that Michael was “[e]xtremely intelligent and professional,” and "an outstanding advocate and great writer. You'd want him in the courtroom with you."  Recognizing that Michael focuses on “individual representation in diverse commercial disputes,” Chambers noted that Michael is a “particularly strong choice for the litigation of executive compensation claims.” Michael is one of only 90 attorneys ranked in this year’s guide. CLICK HERE to see Michael’s Chambers USA profile.

Partner Michael Rakower co-published “Incentive Compensation: When a Promise Becomes a Myth” in the May 6, 2021 edition of the New York Law Journal.  The article explores enforceability risks arising from incentive compensation agreements that vest employers with overly broad discretionary rights.

Once again, Rakower Law partner Michael Rakower has been honored by Thomson Reuters’ Super Lawyers.  Super Lawyers placed Michael for the sixth straight year on its Top 100 list of attorneys in the New York Metropolitan Area.

Rakower Law continues to forge into uncharted territories, this time by establishing a leadership position in remote proceedings during the COVID-19 pandemic.  Undaunted by the challenges presented during this pandemic in a case where parties and witnesses span the country, Rakower Law has made use of state-of-the-art technology to participate in 7 depositions over the last several weeks, all taken virtually, and is preparing for a week-long remote arbitration set to commence in mid-August.

In contrast to countries that require a losing party to pay the winning party’s legal fees, the United States abides by the “American Rule,” which requires each party to pay its own legal fees irrespective of who wins.  The American Rule, however, has exceptions. One of them concerns the fee-shifting provision in the Employee Retirement Income Security Act (ERISA). This article explores the considerations courts apply to a party’s request for legal fees after success in an ERISA case.