"Roaring Kitty" (Keith Patrick Gill) faces a class action lawsuit for alleged pump-and-dump scheme in GameStop securities.
Keith Patrick Gill, known as "Roaring Kitty" on social media, faces a class action lawsuit over allegations of a pump-and-dump scheme involving GameStop Corp. (NYSE:GME) securities. The lawsuit, filed in the Eastern District of New York, accuses Gill of manipulating GameStop's stock price through his social media influence and profiting from these transactions. The lawsuit aims to recover damages resulting from Gill's alleged violations of federal securities laws. GameStop shares closed 1.6% lower at $24.69 on Friday.
June 30, 2024
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