Law

Illustration of people running off a cliff chasing a dollar symbol tied to a string hanging from Pinocchio's nose. The background is blue, and the "Getty Images" watermark is present on the left side.

$4 Billion Offer for Getty Images Was an Illegal ‘Pump and Dump’ Scheme

In April 2023, Getty rejected a $4 billion takeover bid from Massachusetts-based investment firm Trillium Capital, categorizing the acquisition attempt as insufficiently credible. Now, federal investigators describe the failed takeover as a "pump and dump" scheme and have charged Trillium and its CEO with securities fraud.

Front exterior of a neoclassical building featuring a row of Corinthian columns and the engraving "Equal Justice Under Law" on the frieze.

Supreme Court Rules That Copyright Damages Have No Time Limit

The United States Supreme Court rejected a lower court's ruling that there is a three-year time limit to claim damages from copyright infringement. All claims, even those that occurred decades previously, are fair game as long as the lawsuit is filed within three years of discovery.