skillz(US:SKLZ) Prnewswire·2025-09-08 19:00Core Viewpoint - Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving Skillz Inc. and its executives, following a significant drop in the company's stock price due to the termination of agreements with Tether Studios and Tether Games [1][2]. Group 1: Company Developments - On September 2, 2025, Skillz disclosed that Tether Studios and Tether Games plan to terminate all agreements with Skillz, effective September 1, 2025, which involved licensing Skillz's software for monetizing Tether's games [2]. - Skillz has filed a lawsuit against Tether to block the termination of their agreements and is disputing the reasons provided by Tether for ending the deal [2]. - Following the announcement of the termination, Skillz's stock price fell by $1.50 per share, or 17.22%, closing at $7.21 per share on September 3, 2025 [2]. Group 2: Legal Investigation - Pomerantz LLP is conducting an investigation on behalf of investors of Skillz Inc. regarding possible securities fraud or other unlawful business practices by the company and its officers [1].