Getty Images has entered into a standstill agreement with plaintiffs after a New York State Supreme Court ordered a judgment against the company in a lawsuit alleging breaches of warrant agreements. The total judgment, including interest, is calculated to be approximately $92.3 million as of August 25, 2026.
Key Details
- Judgment Amount: A court order directs a judgment of approximately $92,306,578 (including interest) against the company in favor of multiple plaintiffs.
- Standstill Agreement: On August 25, 2026, Getty and the plaintiffs agreed to a 60-day standstill period, which began on August 26, 2026, preventing the plaintiffs from enforcing the judgment.
- Partial Payment & Appeal: As part of the agreement, Getty made a partial payment of approximately $4.15 million (4.5% of the judgment). The company is appealing the court's orders.
- Director Resignation: The filing also disclosed that on August 27, 2026, Chinh Chu resigned from the Board of Directors, a decision not due to any disagreement with the company.