SEATTLE (CN) – A shareholders class-action lawsuit complains that Getty Images sold itself too cheaply to Hellman & Friedman, and that Getty’s directors “acted quickly for their own benefit and the benefit of Hellman” but to shareholders’ detriment. Getty announced the acquisition Monday, at $2.4 billion or $34 a share. Getty, which owns an archive of 70 million still photos and 30,000 hours of film, reported $858 million in revenue in FY 2007, up 6 percent from the year before.
- Fla. Courts Of Appeal
- Shareholder Class Action