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.).