Financial News
SHAREHOLDER ACTION ALERT: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Skillz Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
Los Angeles - 
(NewMediaWire) - May 25, 2021 - The Schall Law Firm, a national shareholder rights litigation
firm, reminds investors of a class action lawsuit against Skillz
Inc. (“Skillz” or “the Company”) (NYSE: SKLZ) for
violations of §§10(b)
and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
Investors who
purchased the Company's securities between December 16, 2020 and April 19, 2021,
inclusive (the ''Class Period''), are encouraged to contact the firm before July
7, 2021.
If you are a
shareholder who suffered a loss, click here to participate.
We also encourage you
to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite
2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of
charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this case,
has not yet been certified, and until certification occurs, you are not
represented by an attorney. If you choose to take no action, you can remain an
absent class member.
According to the
Complaint, the Company made false and misleading statements to the market. The
three games that comprised the majority of Skillz’s revenue had suffered from a
significant decline. The Company’s financial condition was misrepresented by
its revenue recognition policy. The Company’s growth projections, especially in
the Android market, were unrealistic. Based on these facts, the Company’s
public statements were false and materially misleading throughout the class
period. When the market learned the truth about Skillz, investors suffered
damages.
Join the case to recover your losses.
The Schall Law Firm
represents investors around the world and specializes in securities class
action lawsuits and shareholder rights litigation.
This press release may
be considered Attorney Advertising in some jurisdictions under the applicable
law and rules of ethics.
CONTACT:
The Schall
Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
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