Investor gets prison time for fake $4 billion Getty Images takeover bid [Yahoo! Finance]
Getty Images Holdings, Inc. (GETY)
Company Research
Source: Yahoo! Finance
admitting he launched a fake $4 billion takeover bid for Getty Images Holdings to artificially inflate the visual media company's stock price. Scott Murray, who previously served as chief executive of Stream Global Services and 3Com, was sentenced by U.S. District Judge Denise Casper in Boston after pleading guilty in June to committing securities fraud. Prosecutors sought a 16-month prison term for Murray, a long-time investor and businessman who in 2007 launched Trillium Capital to invest his own money in other companies. Prosecutors said the fraud began after Murray, 61, bought about 300,000 shares of Seattle-based Getty, which competes with Reuters and the Associated Press in providing photos and videos for editorial use. After building a position in Getty, Murray and Trillium in early April 2023 began issuing press releases and sending emails pushing Getty to sell itself or add him to its board of directors, prosecutors said. Getty rejected those proposals. Losing money
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GETY
News
- Getty Images Holdings, Inc. (NYSE: GETY) had its "underweight" rating re-affirmed by analysts at JPMorgan Chase & Co..MarketBeat
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- Clarifai and Getty Images Announce Strategic Engagement to Make AI-Generated Images Available to Clarifai CustomersPR Newswire
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- Clarifai and Getty Images Announce Strategic Engagement to Make AI-Generated Images Available to Clarifai CustomersPR Newswire
GETY
Earnings
- 11/7/24 - Miss
GETY
Sec Filings
- 12/26/24 - Form 4
- 12/26/24 - Form 4
- 12/26/24 - Form 4
- GETY's page on the SEC website