Getty loses rehearing bid; must pay $87.9M plus interest in warrant lawsuit

Getty Images Holdings, Inc.

Second Circuit denied rehearing on April 16, affirming $87.9M judgment plus 9% pre-judgment interest.
Alta awarded $36.9M for 2.07M warrants; CRCM awarded $51.0M for 3.01M warrants.
Getty to draw on undrawn revolver to fund payment; 2023 litigation reserve already covers full amount.
Alta's cross-appeal on later-acquired warrants also rejected by Second Circuit.

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