by Gontran de Quillacq | February 18, 2021 | Investments & markets, News, Regulation, enforcement & litigation | 0 Comments
The first GameStop (GME) lawsuit is out. ‘Roaring Kitty’, the redittor who started the frenzy, the modern Robin Hood who went after the hedge funds villains, the David fighting the short-selling Goliath, is actually a Wall Street lion himself.
This post explains Keith Gill’s actions, his investment and his supervisory background, and the responsibility of his employer, as they are stated in the class action lawsuit. We ask questions and ponder the long-term consequences.