Technology
GameStop Shareholder Quickly Drops ‘Roaring Kitty’ Fraud Suit
- Suit accusing Keith Gill of ‘pump and dump’ plan filed Friday
- Proposed class action was voluntarily dismissed on Monday
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A lawsuit accusing popular stocks influencer Keith Gill, better known as “Roaring Kitty,” of engaging in a “pump and dump” scheme involving GameStop Corp. shares was dropped within days of its filing.
In a proposed class action filed Friday in Brooklyn, New York, federal court, GameStop shareholder Martin Radev sued Gill for securities fraud, claiming he was seeking to manipulate the stock for his own gain. In a court filing late Monday afternoon, Radev said he was voluntarily dismissing the lawsuit.