Recent Security Class Actions

Skillz Inc. Class A Common Stock (NYSE: SKLZ)

Company Name:Skillz Inc. Class A Common Stock
Stock Symbol:NYSE: SKLZ
Class Period Start:12/16/2020
Class Period End (inclusive):05/04/2021
Filing Deadline:07/07/2021

The Complaint alleges Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) three games responsible for a majority of Skillz’s revenues had declined substantially; (ii) Skillz’s revenue recognition policy misrepresented the financial condition of the company; (iii) unrealistic market growth, specifically in the Android market; and (iv) 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.