From Cointelegraph: 2024-06-30 21:34:36

Keith Gill, known as “Roaring Kitty” on social media, is being sued in a class-action lawsuit following his posts on Reddit and YouTube. The lawsuit alleges he manipulated the market for GameStop shares, but a lawyer believes the case is unlikely to succeed.

The class-action lawsuit against Keith Gill accuses him of spreading misinformation to manipulate GameStop’s stock price. However, legal experts suggest that the case faces significant hurdles due to First Amendment protections and the difficulty in proving manipulation beyond a reasonable doubt.

The lawsuit against Keith Gill, the individual behind the “Roaring Kitty” persona, alleges that he misled investors by promoting GameStop stock. However, legal analysts predict that the case will face challenges due to the high standard of proof required to establish market manipulation.

Keith Gill, the key figure in the GameStop trading frenzy, is now facing a class-action lawsuit accusing him of manipulating the stock market. Despite the allegations, legal experts argue that proving market manipulation will be difficult, potentially leading to the case’s failure.

Read more at Cointelegraph: Roaring Kitty faces securities fraud claims in ‘doomed’ GME lawsuit