Legal Investigation Launched by Pomerantz Law for Skillz Inc. Investors

Investor Alert: Pomerantz Law Firm Investigates Skillz Inc.

On September 8, 2025, Pomerantz LLP announced its investigation into claims made on behalf of Skillz Inc. investors, with the firm's experience in corporate and securities class litigation at the forefront of this development. As concerns mount over potential securities fraud and questionable business practices related to Skillz, investors are advised to voice their experiences and concerns through designated channels.

Recent disclosures from Skillz revealed a significant loss, which may further exacerbate existing investor anxieties. On September 2, the company reported that Tether Studios and its subsidiary, Tether Games, terminated all agreements with Skillz, effective September 1, 2025. This termination means that Skillz’s software, which was previously utilized for monetizing games developed by Tether, is now rendered ineffective. In return for granting Tether access to its software, Skillz was expected to receive revenue from user entry fees, a substantial income stream that is now jeopardized.

Following this news, the stock price for Skillz witnessed a dramatic drop of $1.50 per share, equating to a 17.22% decline, closing at $7.21 per share on September 3, signaling investor alarm and market instability.

In response to this development, Skillz promptly filed a lawsuit against Tether, aiming to prevent the termination of their agreements and disputing the reasoning provided by Tether for ending the partnerships. The legal ramifications of this dispute could prove significant not only for Skillz but for the broader market, potentially impacting investor sentiment and valuations.

Pomerantz LLP has carved a significant niche for itself in the area of securities law, being involved in pivotal class-action lawsuits that demand accountability from corporations, especially concerning securities fraud and breaches of fiduciary duty. Their legacy is one of fighting hard for the rights of investors who often find themselves at a disadvantage against larger corporations with vast resources.

The investigation led by Pomerantz aims not only to examine the potential securities fraud allegations but also to assess the ethicality of the recent actions taken by Skillz's management and board. Investors who are interested in joining this investigation can reach out directly to the law firm’s representative, Danielle Peyton, at the contacts provided in the announcement.

With continuous scrutiny from legal entities and the public towards corporate governance and accountability, the timing of Pomerantz's investigation could pose critical questions about investment safety in the technology and gaming sectors. As Skillz navigates this pivotal moment, the firm's investors may find themselves holding their breath as the legal proceedings unfold, hoping for a favorable resolution that can restore their confidence in the company's future. The implications of this investigative report could extend beyond Skillz, setting precedents for how similar cases are approached and resolved in the corporate landscape.

For those affected, it's essential to stay informed about the developments arising from this investigation. As representatives from Pomerantz continue their investigation, it is expected that more details will come to light, offering clarity on the direction in which Skillz is headed and the potential recovery for its investors amidst these turbulent waters.