Roaring Kitty Faces Securities Fraud Claims In A Class Action Suit Which Is Likely To Fail
Author: Elena RElena R ![right arrow]()
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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
Jul 1, 2024 10:59
Elena R ![right arrow]()
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
Keith Gill, aka Roaring Kitty, is facing securities fraud claims in a class action lawsuit over his recent social media posts. The complaint filed on June 28, intends to sue Gill for orchestrating a ‘pump-and-dump’ scheme with a series of social media posts beginning May 13. The complaint alleges that Gill committed securities fraud by failing to adequately disclose the purchase and sales of his GameStop options calls, which allegedly misled his followers and resulted in losses for some investors. However, a former federal prosecutor believes the lawsuit will likely fail
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