The Securities and Exchange Commission (SEC) today charged Robert Scott Murray and Trillium Capital LLC, a private company controlled by Murray, with a fraudulent scheme to manipulate the stock price of Getty Images Holdings Inc. by announcing a phony offer by Trillium to purchase Getty Images.
Murray, of Mashpee, Mass., is a former CEO and CFO of several publicly traded companies.
The SEC’s complaint, filed in U.S. District Court for the District of Massachusetts, alleges that, in early April 2023, after building a position in Getty Images stock and options, Murray and Trillium began issuing press releases calling upon Getty Images to sell itself or to add Murray to its board of directors.
The complaint alleges that Murray designed these press releases, in part, to increase Getty Images stock price, but the releases failed to have…
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