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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Skillz Inc.– SKLZ
GlobeNewswire News Room· 2025-09-06 14:00
Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices involving Skillz Inc. and its officers or directors [1] 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 [3] - Skillz has filed a lawsuit against Tether to block the termination of their agreements and is disputing Tether's reasons for ending the deal [3] - 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 [4] Group 2: Legal Actions - Pomerantz LLP is advising investors of Skillz to contact them regarding the investigation into potential securities fraud [1] - The firm has a long history of handling corporate, securities, and antitrust class litigation, recovering multimillion-dollar damages for victims of securities fraud [5]