SKLZ Alert: Did You Acquire Skillz Inc. Before December 16, 2020? Should Management be Held Accountable for Investors Losses?
Skillz Inc. Class A (SKLZ)
Company Research
Source: GlobeNewswire
SAN DIEGO, Nov. 12, 2021 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP is investigating potential claims on behalf of Skillz Inc. ("Skillz" or the "Company") (NYSE: SKLZ) against certain of its officers and directors. Recently a class action lawsuit was filed in federal court against the Company on behalf of purchasers of the securities of Skillz Inc from December 16, 2020 and April 19, 2021 (the "Class Period"). The filed complaint alleges that defendants made materially false and misleading statements and failed to disclose that: representations relating to certain of Skillz's business operations, performance metrics, and ultimate valuation, including, among others, Skillz's ability to attract new end-users, future profitability, the shrinking popularity of its hosted games that accounted for 88% of its revenue, and the Company's valuation. For example, one of the Company's objectively unrealistic promises included the unsupportable claim that the Company was valued at $3.5 billion,
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News
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- Reflecting On Video Gaming Stocks' Q4 Earnings: Skillz (NYSE:SKLZ) [Yahoo! Finance]Yahoo! Finance
- Skillz, AviaGames to settle patent lawsuit over 'copycat' mobile games [Reuters]Reuters
- Skillz: Large Cash Position But Core Business Keeps Declining [Seeking Alpha]Seeking Alpha
- Skillz Receives NYSE Notice Regarding Late Form 10-K Filing [Yahoo! Finance]Yahoo! Finance
SKLZ
Earnings
- 3/14/24 - Beat
SKLZ
Sec Filings
- 4/8/24 - Form 8-K
- 3/18/24 - Form 4
- 3/14/24 - Form NT
- SKLZ's page on the SEC website