#United States #New York #Securities Fraud #Pomerantz LLP #Skillz Inc.

Pomerantz Law Firm Investigates Skillz Inc.

Pomerantz LLP has officially announced an investigation on behalf of investors of Skillz Inc. (NYSE: SKLZ), amid serious allegations concerning securities fraud and questionable business practices. Skilled investors are encouraged to reach out to Danielle Peyton at Pomerantz for further information on this matter at her email or by phone.

Background of the Investigation

The inquiry primarily focuses on the possible misconduct by Skillz's officers and directors, raising questions around their business dealings and how they managed investor relations. This investigation comes on the heels of a significant contractual fallout with Tether Studios and its associated entity, Tether Games. This termination of agreements poses significant risks to Skillz’s operations and financial health.

On September 2, 2025, Skillz made a disclosure to the U.S. Securities and Exchange Commission that Tether planned to terminate their deal that allowed Skillz to license its software for Tether's gaming monetization needs. As a countermeasure, Skillz filed a lawsuit to challenge Tether's termination, expressing an intent to dispute the rationale provided by Tether for ending the agreements. The fallout from this news was dramatic, leading to a sharp decline in Skillz's stock price by over 17% the day following the announcement.

Impact on Skillz's Stock

The consequences were immediately felt by investors, as the stock price plummeted by $1.50 per share, closing at $7.21 on September 3, 2025. The abrupt decline indicates rising investor concern regarding the future operational capacity and profitability of Skillz in light of this development.

Pomerantz LLP is well-established as a pioneering firm dedicated to protecting class members in cases of securities fraud and corporate misconduct. Founded over 80 years ago by Abraham L. Pomerantz, the firm has built a strong reputation for recovering substantial damages on behalf of stakeholders in similar situations. This new investigation into Skillz could lead to significant developments as it unfolds.

How Investors Can Participate

Investors looking to take part in potential legal actions are provided with avenues to join ongoing efforts against Skillz. Interested parties can contact Pomerantz at the details provided to discuss their options and seek counsel.

This situation reflects the volatility that can occur in the tech and gaming sectors, particularly when companies face internal and external pressures. Stakeholders must remain vigilant and informed about their investments in companies like Skillz, especially amid claims of malfeasance.

In conclusion, as developments continue, it will be critical for affected investors to stay engaged with updates from Pomerantz and evaluate their strategies in response to the legal investigations and evolving circumstances surrounding Skillz Inc.