{"id":492320,"date":"2021-05-12T09:38:15","date_gmt":"2021-05-12T13:38:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-advises-skillz-sklz-investors-to-contact-firms-attorneys-now-securities-fraud-case-filed\/"},"modified":"2021-05-12T09:38:15","modified_gmt":"2021-05-12T13:38:15","slug":"hagens-berman-advises-skillz-sklz-investors-to-contact-firms-attorneys-now-securities-fraud-case-filed","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-advises-skillz-sklz-investors-to-contact-firms-attorneys-now-securities-fraud-case-filed\/","title":{"rendered":"HAGENS BERMAN Advises Skillz (SKLZ) Investors to Contact Firm’s Attorneys Now, Securities Fraud Case Filed"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n SAN FRANCISCO<\/span>, May 12, 2021<\/span> \/PRNewswire\/ —\u00a0Hagens Berman urges Skillz Inc. (NYSE: SKLZ)\u00a0investors with significant losses to submit your losses now<\/a>.\u00a0A securities fraud class action is pending and certain investors may have valuable claims. <\/p>\n

\n

\n
\n \"Hagens
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n Class Period: <\/b>
\n Dec. 16, 2020<\/span> \u2013 Apr. 19, 2021<\/span>
Lead Plaintiff Deadline: <\/b>July 7, 2021<\/span>
Visit:<\/b>\u00a0www.hbsslaw.com\/investor-fraud\/SKLZ<\/a>
Contact An Attorney Now:<\/b>\u00a0SKLZ@hbsslaw.com<\/a>\u00a0
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895<\/b><\/p>\n

\n Skillz, Inc. (NYSE: SKLZ) Securities Fraud Class Action: <\/b>\n <\/p>\n

In past months, Skillz and senior management repeatedly touted the company’s revenue growth and projections to support its valuation. <\/p>\n

The complaint alleges Defendants misled investors with these and other statements because they concealed that (1) three of the company’s games responsible for a majority of Skillz’s revenues had substantially declined and (2) the company’s revenue recognition policy misrepresented the company’s actual financial condition.<\/p>\n

Defendants’ statements were first brought into serious question on Mar. 8, 2021<\/span>, when analyst Wolfpack Research <\/i>published a scathing report, accusing Skillz of concealing that revenues from three games responsible for 88% of Skillz’s total revenues (Blitz, Solitaire Cube, Blackout Bingo) substantially declined and effectively gutted the company’s growth projections.\u00a0 <\/p>\n

Next, on Apr. 18, 2021<\/span>, Eagle Eye Research<\/i> published a report claiming Skillz’s revenue recognition practices were “like round-tripping where the company is effectively giving its customers money to spend on SKLZ and recognizing revenue from it, i.e.<\/i> generating no net economic profits.”\u00a0 Eagle Eye<\/i> concluded “that true cash revenue is less than \u00bd of what management portrays to investors.”<\/p>\n

These events sent the price of Skillz shares sharply lower.<\/p>\n

“We’re focused on investors’ losses and proving Skillz engaged in fraudulent accounting and financial reporting,” said Reed Kathrein<\/span>, the Hagens Berman partner leading the investigation. <\/p>\n

If you are a Skillz\u00a0investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman<\/a>.<\/p>\n

\n Whistleblowers: <\/b>Persons with non-public information regarding Skillz should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. \u00a0Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. \u00a0For more information, call Reed Kathrein<\/span> at 844-916-0895<\/b> or email SKLZ@hbsslaw.com<\/a>.<\/p>\n

\n
\n About Hagens Berman<\/a>
\n <\/u>
\n
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys.\u00a0 The firm represents investors, whistleblowers, workers and consumers in complex litigation.\u00a0 More about the firm and its successes is located at hbsslaw.com<\/a>. \u00a0For the latest news visit our newsroom<\/a><\/u> or follow us on Twitter at @classactionlaw<\/a><\/u>.<\/p>\n

Contact:
Reed Kathrein<\/span>, 844-916-0895<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/hagens-berman-advises-skillz-sklz-investors-to-contact-firms-attorneys-now-securities-fraud-case-filed-301289629.html<\/a><\/p>\n

SOURCE Hagens Berman Sobol Shapiro LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire SAN FRANCISCO, May 12, 2021 \/PRNewswire\/ —\u00a0Hagens Berman urges Skillz Inc. (NYSE: SKLZ)\u00a0investors with significant losses to submit your losses now.\u00a0A securities fraud class action is pending and certain investors may have valuable claims. Class Period: Dec. 16, 2020 \u2013 Apr. 19, 2021Lead Plaintiff Deadline: July 7, 2021Visit:\u00a0www.hbsslaw.com\/investor-fraud\/SKLZContact An Attorney Now:\u00a0SKLZ@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895 Skillz, Inc. (NYSE: SKLZ) Securities Fraud Class Action: In past months, Skillz and senior management repeatedly touted the company’s revenue growth and projections to support its valuation. The complaint alleges Defendants misled investors with these and other statements because they concealed that (1) three of the company’s games responsible for a majority of Skillz’s revenues had substantially declined and (2) the company’s revenue recognition policy misrepresented … <\/p>\n

Continue reading “HAGENS BERMAN Advises Skillz (SKLZ) Investors to Contact Firm’s Attorneys Now, Securities Fraud Case Filed”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-492320","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHAGENS BERMAN Advises Skillz (SKLZ) Investors to Contact Firm's Attorneys Now, Securities Fraud Case Filed - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-advises-skillz-sklz-investors-to-contact-firms-attorneys-now-securities-fraud-case-filed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HAGENS BERMAN Advises Skillz (SKLZ) Investors to Contact Firm's Attorneys Now, Securities Fraud Case Filed - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN FRANCISCO, May 12, 2021 \/PRNewswire\/ —\u00a0Hagens Berman urges Skillz Inc. (NYSE: SKLZ)\u00a0investors with significant losses to submit your losses now.\u00a0A securities fraud class action is pending and certain investors may have valuable claims. Class Period: Dec. 16, 2020 \u2013 Apr. 19, 2021Lead Plaintiff Deadline: July 7, 2021Visit:\u00a0www.hbsslaw.com\/investor-fraud\/SKLZContact An Attorney Now:\u00a0SKLZ@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895 Skillz, Inc. (NYSE: SKLZ) Securities Fraud Class Action: In past months, Skillz and senior management repeatedly touted the company’s revenue growth and projections to support its valuation. 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(NYSE: SKLZ)\u00a0investors with significant losses to submit your losses now.\u00a0A securities fraud class action is pending and certain investors may have valuable claims. Class Period: Dec. 16, 2020 \u2013 Apr. 19, 2021Lead Plaintiff Deadline: July 7, 2021Visit:\u00a0www.hbsslaw.com\/investor-fraud\/SKLZContact An Attorney Now:\u00a0SKLZ@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895 Skillz, Inc. (NYSE: SKLZ) Securities Fraud Class Action: In past months, Skillz and senior management repeatedly touted the company’s revenue growth and projections to support its valuation. The complaint alleges Defendants misled investors with these and other statements because they concealed that (1) three of the company’s games responsible for a majority of Skillz’s revenues had substantially declined and (2) the company’s revenue recognition policy misrepresented … Continue reading \"HAGENS BERMAN Advises Skillz (SKLZ) Investors to Contact Firm’s Attorneys Now, Securities Fraud Case Filed\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-advises-skillz-sklz-investors-to-contact-firms-attorneys-now-securities-fraud-case-filed\/","og_site_name":"Market Newsdesk","article_published_time":"2021-05-12T13:38:15+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/450112\/Hagens_Berman_Sobol_Shapiro_LLP_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-advises-skillz-sklz-investors-to-contact-firms-attorneys-now-securities-fraud-case-filed\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-advises-skillz-sklz-investors-to-contact-firms-attorneys-now-securities-fraud-case-filed\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"HAGENS BERMAN Advises Skillz (SKLZ) Investors to Contact Firm’s Attorneys Now, Securities Fraud Case Filed","datePublished":"2021-05-12T13:38:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-advises-skillz-sklz-investors-to-contact-firms-attorneys-now-securities-fraud-case-filed\/"},"wordCount":459,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-advises-skillz-sklz-investors-to-contact-firms-attorneys-now-securities-fraud-case-filed\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/450112\/Hagens_Berman_Sobol_Shapiro_LLP_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-advises-skillz-sklz-investors-to-contact-firms-attorneys-now-securities-fraud-case-filed\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-advises-skillz-sklz-investors-to-contact-firms-attorneys-now-securities-fraud-case-filed\/","name":"HAGENS BERMAN Advises Skillz (SKLZ) Investors to Contact Firm's Attorneys Now, Securities Fraud Case Filed - 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