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

Overview of the Investigation

Pomerantz LLP, a prestigious law firm well-known for its focus on corporate and securities class actions, is currently investigating claims concerning investors of Skillz Inc. (NYSE: SKLZ). This inquiry raises the alarm about potential securities fraud or inappropriate business practices concerning the company and several of its executives and directors.

Background Details

On September 2, 2025, Skillz Inc. made a significant disclosure to the U.S. Securities and Exchange Commission (SEC). The company revealed that Tether Studios and its affiliate, Tether Games, intended to end all agreements with Skillz effective from September 1, 2025. These agreements allowed Skillz's software to be utilized in monetizing Tether's games, facilitating a revenue-sharing model based on user entry fees from gaming activities.

In response to this abrupt termination notice, Skillz initiated legal proceedings on September 1, 2025, aiming to prevent Tether from concluding their agreements and contesting Tether's justification for the deal's cancellation. The situation escalated quickly, prompting investors to scrutinize the firm's operations and claims.

The consequences of this disclosure were immediate and tangible. Following this announcement, Skillz's stock plunged by $1.50 per share, signaling a stark depreciation of 17.22%, closing at $7.21 on September 3, 2025. Such a drastic drop underscores the heightened concerns surrounding the company and its operational integrity.

The Role of Pomerantz LLP

Pomerantz LLP, with an extensive track record spanning more than 80 years, is recognized as a leading firm in securities class action litigations. Founded by Abraham L. Pomerantz, whose legacy in the class action arena is respected, the firm has managed numerous high-profile cases, recovering significant damages for victims of fraud and corporate misconduct. It is this prestige that lends considerable weight to their ongoing investigation into Skillz Inc.

Investors who believe they may be adversely affected by the underlying events are encouraged to reach out to the Pomerantz team. Danielle Peyton, a representative of the firm, has made herself available for communications regarding the investigation at [email protected] or by phone at 646-581-9980, ext. 7980.

The investigation into Skillz's dealings is not merely a routine check; it raises essential questions about the company's adherence to legal and ethical norms. Given the circumstances, Pomerantz LLP's findings could have major implications for the company's future and its investors.

Conclusion

As this situation develops, it remains critical for investors to stay informed about the investigation's outcomes and potential ramifications. Skillz Inc.'s operational transparency and compliance with securities law will be under the microscope as Pomerantz LLP delves deeper into the allegations. Stakeholders are advised to monitor updates closely, considering the potential for significant financial impacts arising from the unfolding events.