NEW
YORK, July 15, 2024 /PRNewswire/ -- 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.
MORE HOLDERS SUE GETTY IMAGES OVER
INTERFERENCE WITH WARRANT EXERCISE AFTER INVESTORS WIN $51 MILLION
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.
Allen Matkins Leck Gamble Mallory
& Natsis LLP is co-counsel in each of these new actions. They
include Lapp v. Getty Images Holdings, Inc., 1:24-cv-05129
(S.D.N.Y.); Funicular Funds, LP v. Getty Images Holdings,
Inc., 653410/2024 (N.Y. Sup. Ct., N.Y. County); and MPF
Broadway Convexity Fund I, LP, et ano v. Getty Images Holdings,
Inc., 653411/2024 (N.Y. Sup. Ct., N.Y. County).
Holders of Getty Images public warrants who were unable to
exercise those warrants on August 22,
2022 are encouraged to contact Rakower Law.
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: http://www.rakowerlaw.com.
CONTACT:
Michael C. Rakower
260 Madison Avenue, 15th Fl.
New York, NY 10016
mrakower@rakowerlaw.com
(212) 660-5550
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SOURCE Rakower Law