For the first time since the GameStonk phenomenon of January 2021 — an event so spectacular it managed to briefly re-instate Jordan Belfort, a convicted fraudster with a -$97 million net worth, as a credible financial expert — controversial trading subreddit r/WallStreetBets has found itself embroiled in yet another legal battle, one somehow completely unrelated to the infamous short squeeze.


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On Wednesday, February 15, r/WallStreetBets creator Jaime Rogozinski, who was banned from the platform in April 2020, filed a lawsuit against the social platform, claiming Reddit not only wrongly booted him from his moderator role, but also prevented him from trademarking anything with r/WallStreetBets branding.



“I felt this was personal, and I felt betrayed,” he recently explained to The Wall Street Journal amid news of the lawsuit, a sentiment he and his representation reiterated in what may be the most dudebro-y lawsuit in the history of the US Legal system … or, well, at least since all the Fyre Festival bullshit.


"If you build it, they will come," read part of the filing, quoting the hustle porn feature film that is Field of Dreams. "Reddit's dreams, however, turned out to be Mr. Rogozinski's nightmare as the company insists, 'if you build it, we will take it from you.'”



Despite Rogozinski’s Kevin Costner-ian claims, it seems Reddit is ready to eject the WallStreetBets: How Boomers Made the World's Biggest Casino for Millennials author (cool flex, bro) from the game.


“Jamie was removed as a moderator of r/WallStreetBets by Reddit and banned by the community moderators for attempting to enrich himself,” a spokeswoman for the social platform explained. “This lawsuit is another transparent attempt to enrich himself. We’ll respond directly in court and continue to protect the best interests of the communities and moderators on our platform.”


If you need us, we’ll *definitely not* be orchestrating an illegal r/WallStreetBets betting ring to see who will prevail in the war of douche vs douchier.