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Roaring Kitty accused of securities fraud by an investor 2024-07-01 09:42 Help the hot
Golden Finance reported that GMP call options holder Martin Radev, through his law firm Pomerantz, filed a lawsuit against Roaring Kitty in the Eastern District of New York on June 28, accusing him of orchestrating a stock price manipulation and selling plan through a series of social media posts since May 13. Former federal prosecutor and founding partner of Dynamis LLP, Eric Rosen, said that this lawsuit "was doomed to fail from the beginning" because the claim that Roaring Kitty should have disclosed his intention to sell options does not hold up in court, as no "rational person, let alone a rational investor," would expect Roaring Kitty to hold all options until the expiration date.