'Roaring Kitty' sued for 'pump-and-dump' scheme with GameStop stock
Who is "Roaring Kitty" in the GameStop lawsuit?
"Roaring Kitty" is Keith Gill, a former financial analyst for MassMutual who gained popularity as a stocks influencer. He is accused of orchestrating a "pump and dump" scheme involving GameStop shares, by revealing his position in the company without disclosing when he bought the options, leading to a securities fraud lawsuit filed by GameStop shareholders3.
What alias does Keith Gill use online?
Keith Gill is known by the alias "Roaring Kitty" online. He gained prominence during the GameStop stock surge in 2021, where he shared his investment strategies and insights on various social media platforms, including YouTube and Reddit.
When did Gill reveal his GameStop stock position?
Gill revealed his GameStop stock position on June 2 Reddit post, announcing a $116 million bet on the company6. This disclosure sent GameStop's stock price soaring by as much as 75%.