>I hope they shut that stupid ass site down
thestreet.com
GameStop Investor, 'Roaring Kitty' on Reddit, Is Sued Over Trading
The Reddit forum poster known as 'Roaring Kitty' is being sued for allegedly misrepresenting himself as an amateur investor.
Keith Gill, who adopted the online nickname “Roaring Kitty,” is the subject of a lawsuit regarding the recent GameStop (GME) - Get Report stock frenzy, which saw Wall Street rocked by an army of retail investors. The lawsuit, which was filed Tuesday in U.S. District Court in Massachusetts, alleges that Gill misrepresented himself as an amateur investor and profited by artificially inflating the price of the stock of the Grapevine, Texas, videogame retailer. “In order to motivate amateur traders, Gill fashioned himself as a kind of Robin Hood and characterized securities professionals as villains,” the lawsuit said. “Gill, however, is no amateur. For many years, he actively worked as a professional in the investment and financial industries.” Gill, the lawsuit said, “caused enormous losses not only to those who bought option contracts, but also to those who fell for Gill’s act and bought GameStop stock during the market frenzy at greatly inflated prices.” Gill worked in marketing for Massachusetts Mutual Life Insurance Co., which is also named in the lawsuit. The company declined to comment.
