Reported 12 months ago
Investor Keith Gill, also known as 'Roaring Kitty,' is facing a securities fraud class action lawsuit for allegedly artificially inflating GameStop (GME) stock. The lawsuit accuses Gill of potentially manipulating the market and impacting GameStop stock price movements. As a response, GameStop shares dropped about 7% in pre-market trading. It remains to be seen how the meme community will react to this legal action against Keith Gill.
Source: YAHOO