Keith Gill sued in class action lawsuit alleging GME "pump and dump"

It's been a busy few days for Keith Gill, who, besides disclosing a nine-figure position in a pet food retailer, is now the defendant in a class action lawsuit accusing him of "engaging in a scheme to pump and then dump" GameStop call options in May and June.

Nevada resident Martin Redav, who owned 35 GameStop shares and two call options, is the plaintiff leading the lawsuit.

Redav claimed that Gill "participated in a scheme to defraud and committed acts, practices, and participated in a course of conduct that operated as a fraud or deceit on purchasers of the Company’s securities during the Class Period (May 13 through June 13) for his own benefit."

Update: 4:30 PM July 1, 2024: Plaintiff Martin Redav has voluntarily dismissed the lawsuit against Keith Gill

‘Roaring Kitty’ Sued Over Alleged GameStop ‘Pump and Dump’

Redav claimed that Gill "participated in a scheme to defraud and committed acts, practices, and participated in a course of conduct that operated as a fraud or deceit on purchasers of the Company’s securities during the Class Period (May 13 through June 13) for his own benefit."

Update: 4:30 PM July 1, 2024: Plaintiff Martin Redav has voluntarily dismissed the lawsuit against Keith Gill