#USA #New York #Pomerantz LLP #Skillz Inc #Tether Studios

Investor Alert: Pomerantz Law Firm Investigates Skillz Inc.

The Pomerantz Law Firm is spearheading an investigation for investors of Skillz Inc. (NYSE: SKLZ), focusing on allegations that the company and certain executives may have engaged in securities fraud or other unlawful business practices. The investigation aims to uncover potential damages incurred by shareholders due to these alleged misconducts.

On September 2, 2025, Skillz publicly announced a significant contract disruption with Tether Studios and its affiliate, Tether Games. This termination of agreements, effective September 1, 2025, has raised alarm among investors. According to prior contracts, Skillz had licensed its revenue-generating software to Tether, enabling the latter to monetize its game offerings. The agreements mandated a revenue-sharing model based on user entry fees, presenting a vital income stream for Skillz.

In response to the termination notice, Skillz took proactive measures by filing a lawsuit against Tether on September 1, 2025. The company seeks to contest the validity of Tether’s reasons for severing their partnership, reflecting a fierce commitment to protecting its interests and investor investments. The implications of this dispute have directly impacted Skillz's stock performance. Following the announcement, Skillz's share price took a notable hit, falling by $1.50, which corresponds to a 17.22% drop, thereby closing at $7.21 on September 3, 2025. This decline signaled a clear discomfort among investors about Skillz's future prospects and its ongoing viability as a business.

The Pomerantz Law Firm, established by the late Abraham L. Pomerantz, known as the dean of the class action bar, has built a repute as a leading firm in corporate, securities, and antitrust class litigation. With a legacy spanning over eighty years, it remains dedicated to advocating for victims of securities fraud and corporate misconduct. The firm emphasizes its success in recovering significant damages for class members, reinforcing its position as a strong ally for those affected.

Shareholders potentially harmed by Skillz’s recent dealings are encouraged to reach out to Danielle Peyton of Pomerantz LLP for more information regarding their rights. The firm maintains contact through email at [email protected], or by telephone at 646-581-9980, ext. 7980, to assist concerned investors in understanding their options and navigating this complex legal landscape.

The broader implications of this situation highlight the crucial role of investor vigilance, especially in an industry rife with rapid changes and unpredictable partnerships. As Skillz grapples with this upheaval, its ability to regain investor confidence will be paramount.

For those looking to stay informed or consider joining potential class actions, further details can be accessed directly through the Pomerantz website. Clearly, the outcome of this investigation and ongoing litigation will be significant not just for Skillz investors, but also for the overall perception of corporate governance in the tech and gaming sectors as a whole.