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Class action lawsuit against Roaring Kitty voluntarily dropped by plaintiff

2024-07-02 05:41
Odaily News A lawsuit accusing Keith Gill (Roaring Kitty), the "kingpin" of Internet celebrity stocks, of participating in a "pump and dump" scheme involving GameStop Corp. stock was withdrawn a few days after being filed. In a proposed class action lawsuit filed in federal court in Brooklyn, New York last Friday, GameStop shareholder Martin Radev sued Gill for securities fraud, claiming that Gill attempted to manipulate the stock for his own benefit. In a court filing late Monday afternoon, Radev said he voluntarily withdrew the lawsuit. It is unclear why Radev dropped the lawsuit, and his attorney did not immediately respond to a request for comment. The withdrawal does not prejudice his rights, meaning he can file the lawsuit again. (Cailian Press)