'Roaring Kitty' Keith Patrick Gill Accused Of Gamestop Pump-And-Dump Scheme In Class Action Lawsuit: 'Suffered Significant Losses And Damages'
Portfolio Pulse from Benzinga Neuro
Keith Patrick Gill, known as 'Roaring Kitty,' is facing a class action lawsuit for allegedly manipulating GameStop Corp. (NYSE:GME) stock prices through a pump-and-dump scheme. The lawsuit claims Gill used his social media influence to drive up the stock price before selling his holdings, causing significant losses for other investors.
July 01, 2024 | 2:12 am
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GameStop Corp. (NYSE:GME) is at the center of a class action lawsuit against Keith Patrick Gill, who is accused of manipulating the stock price through a pump-and-dump scheme. The lawsuit could lead to increased volatility and negative sentiment around GME stock.
The lawsuit against Keith Patrick Gill for allegedly manipulating GameStop's stock price is likely to create negative sentiment and increased volatility around GME. Investors may react to the potential legal and regulatory repercussions, leading to a short-term decline in the stock price.
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