Getty Images Ordered to Pay $87.9 Million in Warrant Litigation Judgment
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Getty Images Holdings Inc. has been ordered to pay $87.9 million in a legal dispute over public warrants, following a ruling by the U.S. Court of Appeals for the Second Circuit. The court upheld a previous decision awarding $36.9 million to Alta Partners LLC and $51.0 million to CRCM Institutional Master Fund (BVI) LTD, along with 9% annual pre-judgment interest for breach of contract claims. Getty Images is reviewing the decision for potential next steps, having maintained a litigation reserve for the judgment amount.
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