Reported about 1 year ago
A lawsuit filed in Brooklyn, New York federal court accusing Keith Gill, also known as ‘Roaring Kitty,’ of orchestrating a ‘pump and dump’ scheme involving GameStop Corp. shares was voluntarily dismissed by the GameStop shareholder who initiated the suit, Martin Radev. The lawsuit alleged that Gill manipulated GameStop stock for personal gain, acquiring 120,000 call options before publicizing the company, resulting in a spike in the stock price. Despite the suit being dropped, the dismissal was without prejudice, allowing for the possibility of refiling. Gill, a key figure in the 2021 meme-stock craze, did not respond to requests for comment.
Source: YAHOO