Investor gets prison time for fake $4 billion Getty Images takeover bid [Yahoo! Finance Canada]
Getty Images Holdings, Inc. (GETY)
Company Research
Source: Yahoo! Finance Canada
on Tuesday to 10 months in prison after 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
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GETY
News
- Getty Images Unlocks Premium Creative Content for TikTok AdvertisersGlobeNewswire
- Getty Images Holdings, Inc. (NYSE: GETY) had its price target raised by analysts at Macquarie from $3.50 to $3.75. They now have a "neutral" rating on the stock.MarketBeat
- Getty Images Elevates Generative AI Capabilities with New Product Placement and Reference Image Features for Enhanced CustomizationGlobeNewswire
- Results: Getty Images Holdings, Inc. Delivered A Surprise Loss And Now Analysts Have New Forecasts [Yahoo! Finance]Yahoo! Finance
- Getty Images Holdings Third Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
GETY
Earnings
- 11/7/24 - Miss
GETY
Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form SC
- 11/12/24 - Form 10-Q/A
- GETY's page on the SEC website