LegalApr 17, 2026, 08:06 AM
Getty Images loses appeal in warrant litigation, $87.9M damages affirmed
AI Summary
Getty Images Holdings, Inc. announced that the United States Court of Appeals for the Second Circuit affirmed a prior District Court judgment in the Initial Warrant Litigation. The ruling upholds the award of $36.9 million to Alta Partners and $51.0 million to CRCM Institutional Master Fund, plus 9% pre-judgment interest per annum. The company's appeal was denied, and Alta's cross-appeal was also denied, confirming the original judgment in all respects.
Key Highlights
- Appeals court affirmed $87.9 million in damages against Getty Images.
- Alta Partners awarded $36.9 million for 2,066,371 public warrants.
- CRCM awarded $51.0 million for 3,010,764 public warrants.
- Pre-judgment interest of 9% per annum also affirmed.
- Company won on claims related to 11,593,149 later-acquired warrants.