litigation
confidence high
sentiment negative
materiality 0.80
Second Circuit upholds $87.9M warrant judgment against Getty Images; one judge dissents
Getty Images Holdings, Inc.
- Second Circuit affirmed $87.9M judgment plus 9% pre-judgment interest owed to Alta and CRCM.
- Company recorded litigation loss and maintained reserve covering full amount since 2023.
- One judge dissented from the panel's decision.
- Company reviewing decision and evaluating next steps; no further appeal announced.