Reported about 1 year ago
A lawsuit accusing Keith Gill, also known as ‘Roaring Kitty,’ of engaging in a 'pump and dump' scheme with GameStop Corp. shares was quickly dropped after its filing. The plaintiff, GameStop shareholder Martin Radev, sued Gill for securities fraud, alleging manipulation of the stock for personal gain. The lawsuit was voluntarily dismissed by Radev without prejudice, allowing him to refile. Gill, a prominent figure in the 2021 meme-stock craze, had faced accusations of profiting by selling all call options in GameStop after a significant stock increase following his online posts.
Source: YAHOO