Pomerantz Law Firm Launches Investigation into Skillz Inc. Investor Claims

Pomerantz LLP, a renowned law firm specializing in securities class action litigation, has recently announced an investigation concerning Skillz Inc. (NYSE: SKLZ). The inquiry focuses on claims asserted by investors who may have been affected by certain potentially unlawful business practices and securities fraud by the company.

Background of the Investigation

This investigation was prompted by Skillz’s alarming disclosure on September 2, 2025, stating that Tether Studios and its affiliate, Tether Games, intended to terminate all existing agreements with Skillz, effective September 1, 2025. Under the terms of these agreements, Skillz had licensed its technology to Tether for monetization of the latter’s games, with a shared revenue structure based on user entry fees.

In response to Tether's decision, Skillz took legal action on September 1, 2025, aiming to halt Tether's termination of these crucial agreements while contesting the reasoning provided by Tether for their actions. This sudden shift has caused significant turmoil, particularly as it became public knowledge that Skillz’s stock price plummeted by $1.50—representing a noteworthy drop of 17.22%—to close at $7.21 on September 3, 2025. Such a stock decline has raised alarm among investors, prompting the firm's detailed inquiry.

The Role of Pomerantz LLP

The Pomerantz Firm, with a storied history that spans over 80 years in fighting corporate misconduct, is recognized as a trailblazer in the realm of securities class actions. Founded by Abraham L. Pomerantz, who is celebrated as a pioneer in this field, the firm has successfully secured numerous substantial damages awards for aggrieved investors. Pomerantz LLP is actively encouraging investors who feel impacted by these developments to reach out, which demonstrates their commitment to holding companies accountable for their business practices.

Danielle Peyton from Pomerantz has indicated that investors should not hesitate to contact her directly for further discussions regarding their rights and potential actions they can pursue—affording a sense of urgency and support during a time of uncertainty.

Conclusion

As this investigation unfolds, investors within the Skillz framework are urged to keep a watchful eye on further developments, which could potentially pave the way for significant legal implications for the company and its officers. The situation poses critical questions about accountability and transparency within corporate practices, especially as the landscape surrounding gaming technology evolves. In an arena where trust and integrity are paramount, such investigations highlight the indispensable role that law firms like Pomerantz play in defending the rights of investors against potential securities fraud.

For further inquiries or to join the class action, investors are advised to reach out directly to Pomerantz LLP.

For more information, please visit Pomerantz Law Firm.