The proposed class-action suit against Gill, who adopted the YouTube nickname “Roaring Kitty,” was filed Tuesday in federal court in Massachusetts. Gill touted GameStop shares through an extensive social media presence on YouTube, Twitter and Reddit, where he used a more obscene alias. Iovin sold $200,000 worth of call options on GameStop shares when the stock was below $100. Some funds lost billions of dollars covering their positions as GameStop shares surged more than 1,700% during one stretch in January. He also denied trying to artificially pump up GameStop shares and said he truly believed in the company’s future potential.

Source: Los Angeles Times February 17, 2021 22:18 UTC