NYSE: SKLZ Lawsuit Update: Investors Who Lost Money With Shares of Skillz Inc. (NYSE: SKLZ) Should Contact the Shareholders Foundation

The Shareholders Foundation, Inc. announces an update in the lawsuit that was pending for certain investors in Skillz Inc. (NYSE:SKLZ) shares. Investors who purchased NYSE: SKLZ shares prior to December 16, 2020 have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The Shareholders Foundation, Inc. announces an update in the lawsuit that was pending for certain investors in Skillz Inc. (NYSE:SKLZ) shares.

Investors who purchased shares of Skillz Inc. (NYSE: SKLZ) prior to December 16, 2020 have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

On May 7, 2021 an investor in NYSE: SKLZ shares filed a lawsuit against Skillz Inc. over alleged securities laws violations. The plaintiff alleged that the defendants made false and/or misleading statements and/or failed to disclose that three games responsible for a majority of Skillz’s revenues had declined substantially, that Skillz’s revenue recognition policy misrepresented the financial condition of the company, and that unrealistic market growth, specifically in the Android market.

On October 8, 2021, an amended consolidated complaint was filed and on December 23, 2021, the defendants filed their motion to dismiss the amended complaint.

On July 5, 2022, the court issued an order granting Defendants’ Motion to Dismiss and gave the plaintiff leave to amend the Complaint.

On August 4, 2022, a second amended consolidated complaint was filed and on September 19, 2022 the defendants filed their motion to dismiss the second amended consolidated complaint.

On March 01, 2023, the Court issued an order granting Defendants’ Motion to Dismiss with prejudice.

On March 30, 2023, a notice appealing the Court’s Dismissal Order was filed and on April 19, 2024, the Court of Appeals affirmed the District Court’s ruling.

Those who purchased shares of Skillz Inc. (NYSE: SKLZ) should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact Information

Michael Daniels
Manager
mail@shareholdersfoundation.com
858-779-1554

SOURCE: Shareholders Foundation, Inc.

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