GameStop shareholders withdraw securities fraud lawsuit against Keith Gill
Media reports, a lawsuit accusing internet celebrity stock "Roaring Kitty" Keith Gill of participating in a "pump and dump" scheme involving GameStop Corp. stocks was withdrawn days after it was filed. In the proposed class action lawsuit filed last Friday with the Brooklyn Federal Court in New York, GameStop shareholder Martin Radev sued Gill for securities fraud, alleging that Gill attempted to manipulate the stock for his own benefit. In a court document later on Monday afternoon, Radev stated he voluntarily withdrew the lawsuit. It is unclear why Radev dropped the suit and his lawyer did not immediately respond to requests for comment. The withdrawal does not harm rights, meaning he can file again.
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