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.