#United States #New York #Pomerantz LLP #Skillz Inc. #Tether Games

Investor Alert: Pomerantz Law Firm Investigates Skillz Inc.

On September 18, 2025, Pomerantz LLP announced a formal investigation on behalf of investors of Skillz Inc. (NYSE: SKLZ), a prominent gaming platform. The investigation centers on allegations of potential securities fraud and other questionable business practices that may involve members of the company's executive team.

Background of the Investigation

The inquiry follows a recent disclosure from Skillz, which revealed that Tether Studios, along with its affiliate Tether Games, was planning to terminate all agreements with Skillz effective September 1, 2025. This partnership allowed Skillz to license software critical for monetizing Tether's games, creating a shared revenue model based on user entry fees.

In light of this shocking announcement, Skillz responded by filing a lawsuit just days before the effective termination date, aiming to stop Tether from ending their agreements. The lawsuit also disputes the reasons presented by Tether for such a termination, indicating a deeper conflict between the two entities.

The Stock Market Reaction

The fallout from this news was immediate. Following the announcement of Tether's intended partnership termination, Skillz's stock price plummeted by $1.50, representing a 17.22% drop, closing at $7.21 per share on September 3, 2025. This substantial decline signifies investor concerns about the company's future and its capacity to recover from such a significant partnership loss.

Role of Pomerantz LLP

Pomerantz LLP has a storied history in handling corporate misconduct and securities issues, being one of the leading firms in corporate, securities, and antitrust class litigation. Established by Abraham L. Pomerantz, the firm has been at the forefront of advocating for investors' rights against breaches of fiduciary duty and securities fraud for over 80 years.

The firm has successfully recovered millions in damages for class members in past cases and encourages any affected investors to reach out to their office for guidance. Investors who believe they may have been harmed due to Skillz's recent developments can contact Danielle Peyton directly via email or phone.

Moving Forward

The outcome of Pomerantz's investigation and Skillz's ongoing legal battles with Tether will be pivotal for the company’s future. Investors are left wondering how Skillz will navigate these troubled waters and whether it can continue to hold a competitive position in the gaming market amidst these challenges. The situation serves as a potent reminder of the risks involved in corporate partnerships in the ever-evolving tech industry.

For those following the story, stay tuned for updates as more information unfolds regarding the litigation and the outcomes of Pomerantz's investigation. Investors are advised to remain vigilant and stay informed about their investments, especially in turbulent times like these.