SAN DIEGO, June 22, 2021 (GLOBE NEWSWIRE) — The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in Skillz Inc. (NYSE: SKLZ) shares.
Investors, who purchased shares of Skillz Inc. (NYSE: SKLZ) in November 2020 or earlier and continue to hold any of their NYSE: SKLZ shares, have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
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, that unrealistic market growth, specifically in the Android market, and that as a result defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased Skillz Inc. (NYSE: SKLZ) shares should contact the Shareholders Foundation, Inc.
Shareholders Foundation, Inc.
+1 (858) 779-1554
3111 Camino Del Rio North
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.