) have for now withdrawn their lawsuit accusing Keith Gill, who is known as"Roaring Kitty" and helped spur the meme stock mania of 2021, of defrauding them through a"pump-and-dump" scheme for the videogame retailer.
Investors led by Martin Radev, who lives in the Las Vegas area, said Gill manipulated GameStop securities between May 13 and June 13 by quietly accumulating large quantities of stock and call options, then dumping some holdings after emerging from a three-year social media hiatus. GameStop's share price more than tripled over the next two days, then gave back nearly all the gains by May 24.
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