Rakower Law Clients Win $51 Million in Precedent-Setting Suit Against Getty Images

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.