On June 9, 2026, Judge Jennifer G. Schecter of the New York County Supreme Court granted summary judgment in favor of Coherent’s clients, who alleged that Getty Images Holdings, Inc. (“Getty”) had breached its contractual obligations by preventing them from exercising warrants for Getty common stock.
This holding is consistent with a line of other cases involving Coherent’s consulting support and expertise. In Alta Partners, LLC v. Getty Images Holdings, Inc., 2026 U.S. App. LEXIS 1090, the Second Circuit upheld an $88 million award using Coherent’s damages methodology. In Berner v. Getty Images Holdings, 794 F. Supp. 3d 189, (S.D.N.Y. 2025), the Court endorsed Coherent President Laurel Van Allen’s analysis and adopted her damages methodology “in full,” awarding $6.2 million in damages plus prejudgment interest.
In each of the cases, plaintiffs claimed that the Getty warrants they had purchased were exercisable 30 days following Getty’s July 2022 business combination with a special purpose acquisition company. Getty asserted, among other things, that the registration statement for the issuance of the shares underlying the warrants did not become effective until a later date, and that the prospectus for those shares was not current when plaintiffs sought to exercise their warrants.
Coherent worked closely with plaintiffs’ counsel, Michael Rakower, Travis Mock, and Daniel Gilpin of Rakower Law PLLC; and Brian Hail of Allen Matkins Leck Gamble Mallory & Natsis LLP.
The Coherent team was led by Laurel Van Allen and included Peter Fabbrucci, Derrick Ding, Kiri Boung and others.