"Retail Leader" Buys Pet Stock Chewy, Lawsuit Drama Turns

Keith Gill was sued by plaintiffs who claimed he tried to manipulate GameStop ( $GameStop(GME.US)$ ) stock, but the case was voluntarily dismissed on Monday.

On the same day, $Chewy(CHWY.US)$ surged 10% after it was disclosed that Gill holds 6.6% of the company's shares, though it later turned negative, closing down 6.6%. It is unclear if Gill sold GME stock to fund his purchase of Chewy shares. GME fell over 5% on Monday.