A lawsuit alleging that Keith Gill, the "leader" of the Internet celebrity stock, "Roaring Kitty," participated in a "pump and dump" scheme involving GameStop Corp.'s stock was withdrawn a few days after it was filed.
In a proposed class action lawsuit filed in federal court in Brooklyn, New York last Friday, GameStop shareholder Martin Radev sued Gill for securities fraud, claiming that Gill tried to manipulate the stock for his own benefit. In a court filing late Monday afternoon, Radev said he voluntarily withdrew the lawsuit. It is unclear why Radev dropped the lawsuit, and his lawyer did not immediately respond to a request for comment. The withdrawal does not affect his rights, which means he can file the lawsuit again. (Cailian News)