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Implications of the Keith Gill lawsuit for social media influencers?
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Roaring Kitty Sued for Securities Fraud Over GameStop Posts on June 28, 2024
Jul 1, 2024, 12:13 AM
Keith Gill, known online as 'Roaring Kitty,' has been sued for securities fraud in a class action lawsuit. The lawsuit was filed in the Eastern District of New York on June 28, 2024, and alleges that Gill's recent tweets and Reddit posts about his ownership stake in GameStop (GME) artificially inflated the stock's price. This is not the first time Gill has faced legal action; he was previously sued in 2021. The case is being closely watched as it could have significant implications for social media influencers and their impact on financial markets.
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