{"id":493255,"date":"2021-05-13T09:53:08","date_gmt":"2021-05-13T13:53:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-skillz-inc-sued-for-violations-of-the-federal-securities-laws-investors-should-contact-block-leviton-llp\/"},"modified":"2021-05-13T09:53:08","modified_gmt":"2021-05-13T13:53:08","slug":"lawsuit-filed-skillz-inc-sued-for-violations-of-the-federal-securities-laws-investors-should-contact-block-leviton-llp","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-skillz-inc-sued-for-violations-of-the-federal-securities-laws-investors-should-contact-block-leviton-llp\/","title":{"rendered":"LAWSUIT FILED: Skillz Inc. Sued for Violations of the Federal Securities Laws; Investors Should Contact Block &amp; Leviton LLP"},"content":{"rendered":"<div class=\"mw_release\">\n<p>BOSTON, May  13, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=CQPqt9RQ-Qsnwdewst7EAB5Z5pjGnAQ_MzVwT0r-1qi4FUayy5V1oBe-dv_zVZXUa3Y40km4RPn-t-jOv56AerFJ-7VknPeFTnuIKoeDqMk=\" rel=\"nofollow noopener\" target=\"_blank\">Block &amp; Leviton LLP<\/a> announces that a lawsuit for violations of the federal securities laws has been filed against Skillz Inc. (NYSE: SKLZ) and certain of its executives. <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LKAa0htej2aJSY9VKRn78sameIlhtFqEZ3waLQ7nZvaS568zuJUAxeu8kqnrE63nQwhxr8pZSJbdFGYIrPOdk03qQQgcK9SjJ1hwyQm_zkgDpk-OCa7obgy1H2LsBsbNJrgkR4DqOwX5Ta6if7DTJ49Bcc8seT5L6bJYdPNyqcQ=\" rel=\"nofollow noopener\" target=\"_blank\">Investors who have lost money should contact the firm<\/a> to learn more about how they might recover those losses. For more details, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rLl2shpa2bY1npBHIL9F1CrTyvM7F7GxzvBWvjkecmvVJfOmVFgZEABCmKJg7_3tTBNJGS4jqBD1-x0Gc8c1tkTudZPE_3dXBEAujQROr5Nce-V3bDASwPaAm5Tt2s_qyVlKg2ir6ZqKhv6K-BF0Gg==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.blockleviton.com\/cases\/sklz<\/a>. The deadline to move for appointment as lead plaintiff is July 7, 2021.<\/p>\n<p>\n        <strong>What is this all about?<\/strong><br \/>\n        <br \/>Skillz provides a proprietary gaming platform for mobile gaming users and developers. Skillz connects players worldwide by hosting fee-based competitive eSports games on its platform. Skillz went public via Flying Eagle Acquisition Corp., a special purpose acquisition company (or SPAC) on December 16, 2020.<\/p>\n<p>On March 8, 2021, analyst Wolfpack Research published a scathing report entitled \u201cSKLZ: It Takes Little Skill to see this SPACtacular Disaster Coming.\u201d In this report, Wolfpack alleged that Skillz and certain of its executives had lauded \u201centirely unrealistic\u201d growth projections. Wolfpack further alleged that the three games Skillz relies on for approximately 88% of its revenue had begun to decline before Skillz went public. On this news, shares fell approximately 11%.<\/p>\n<p>Then on April 19, 2021, analyst Eagle Eye Research posted an anonymous report on Twitter in which it asserted that through the use of providing users with incentive bonus payments, Skillz \u201clikely recognized substantial non-cash revenue, and . . . cash revenue may be less than \u00bd of GAAP revenue.\u201d On this news, Skillz shares fell another 6%.<\/p>\n<p>\n        <strong>Who is eligible?<\/strong><br \/>\n        <br \/>Anyone who purchased Skillz shares between December 16, 2020 and April 19, 2021 and has now lost money may be eligible, whether or not they have sold their investment. <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LKAa0htej2aJSY9VKRn78pxCwZCMwyWONyVDPUjo1ZwOKloGrTgD3YdYo461no1x-6H5irOZImlrmDaRBwKujfdVD_rKfyox4Cq2Rtx0pHSuwspvNx-5VAz9eA9gfLBizQS2To8gcZ0Yven0A2KF2GLhMmixL1bp1lQVqmlwsQI=\" rel=\"nofollow noopener\" target=\"_blank\">Investors should contact Block &amp; Leviton to learn more.<\/a> The deadline to move the Court to be appointed lead plaintiff is July 7, 2021. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.<\/p>\n<p>\n        <strong>What is Block &amp; Leviton doing?<\/strong><br \/>\n        <br \/>Block &amp; Leviton is working to attempt to recover losses on behalf of investors who have lost money. A class action lawsuit has been filed in the U.S. District Court for the Northern District of California, <em>Jedrzejczyk v. Skillz Inc., et al.<\/em>, No. 3:21-cv-03450 (N.D. Cal.).<\/p>\n<p>\n        <strong>What should you do next?<\/strong><br \/>\n        <br \/>If you&#8217;ve lost money on your investment, you should\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JOoSkmco6Qm9Y-FpYO5SaZNdUoUzHd_9v365UPSItLqZqtEKMLHVJI2yIOrca6CdFKCdFP-9uiA6HFqRt_1MHwlywA3Bdzpi46oaaq7pGCIyhbDZiHG-nAceTkilZrjcM8iQMoIFpEbIo97ktmAmvb4IRZdyr2BCJZFFR9ajYIs=\" rel=\"nofollow noopener\" target=\"_blank\">contact Block &amp; Leviton to learn more via our case website,<\/a>\u00a0by email at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2a81Gg2GhA1iHRepJjFY1KoZlNO_ecyJArtoiDTpZdT7ITEueEA3i3-mCRZukRE6RWVKii_vDjAgQK4q-ATL3UnLEUj6ZlhTn3IwnFNJH5A=\" rel=\"nofollow noopener\" target=\"_blank\">cases@blockleviton.com<\/a>, or by phone at (617) 398-5600.<\/p>\n<p>\n        <strong>Why should you contact Block &amp; Leviton?<\/strong><br \/>\n        <br \/>Many law firms have issued releases about this matter; many of those firms do not actually litigate securities class actions. Block &amp; Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation&#8217;s top institutional investors hire us to represent their interests. You can learn more about us at our website,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cVAd8TYD6ntsFBcci__0b3awjT89z8ZePAM5rqFMvOpFHdDYaeek009_0e6Rx5BLCgvoPfyfFLjGXcawj3It8PWTDUeaXQDFeMb-esvGJFc=\" rel=\"nofollow noopener\" target=\"_blank\">www.blockleviton.com<\/a>, or call (617) 398-5600 or email\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2a81Gg2GhA1iHRepJjFY1KoZlNO_ecyJArtoiDTpZdRGYEWynn2tz9lHGKGQBOv8X3fhRbMyU0R7S9JdrojF94BVnSIsX8M5ozG4naBy_GE=\" rel=\"nofollow noopener\" target=\"_blank\">cases@blockleviton.com<\/a>\u00a0with any questions.<\/p>\n<p>This notice may constitute attorney advertising.<\/p>\n<p>CONTACT:<br \/>BLOCK &amp; LEVITON LLP<br \/>260 Franklin St., Suite 1860<br \/>Boston, MA 02110<br \/>Phone: (617) 398-5600<br \/>Email:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2a81Gg2GhA1iHRepJjFY1KoZlNO_ecyJArtoiDTpZdR8TAg7oUriL7IHO0adtir192x6xyPxjJNviDnw4vc5jKR7o9q_ybvskcJ24xiSicw=\" rel=\"nofollow noopener\" target=\"_blank\">cases@blockleviton.com<\/a><br \/>SOURCE: Block &amp; Leviton LLP<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cVAd8TYD6ntsFBcci__0b95QbbixGnKdiTmHmXWHlowFB6jZoh4nN2LjCj5M6uEfsy77pd6RoRidZci2VJMpSKAAX_Bbc0kGkbVpkyoDJRPhesBKfxdxlf9rul0kLumc\" rel=\"nofollow noopener\" target=\"_blank\">www.blockleviton.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIzNTkwMiM0MTgyNTQ0IzIwMTgxMTk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/a4007f48-9cc3-4fd7-96e0-d9af46310360\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BOSTON, May 13, 2021 (GLOBE NEWSWIRE) &#8212; Block &amp; Leviton LLP announces that a lawsuit for violations of the federal securities laws has been filed against Skillz Inc. (NYSE: SKLZ) and certain of its executives. Investors who have lost money should contact the firm to learn more about how they might recover those losses. For more details, visit https:\/\/www.blockleviton.com\/cases\/sklz. The deadline to move for appointment as lead plaintiff is July 7, 2021. What is this all about? Skillz provides a proprietary gaming platform for mobile gaming users and developers. Skillz connects players worldwide by hosting fee-based competitive eSports games on its platform. Skillz went public via Flying Eagle Acquisition Corp., a special purpose acquisition company (or SPAC) on December 16, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-skillz-inc-sued-for-violations-of-the-federal-securities-laws-investors-should-contact-block-leviton-llp\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;LAWSUIT FILED: Skillz Inc. Sued for Violations of the Federal Securities Laws; Investors Should Contact Block &amp; Leviton LLP&#8221;<\/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-493255","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LAWSUIT FILED: Skillz Inc. Sued for Violations of the Federal Securities Laws; Investors Should Contact Block &amp; Leviton LLP - 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\/lawsuit-filed-skillz-inc-sued-for-violations-of-the-federal-securities-laws-investors-should-contact-block-leviton-llp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LAWSUIT FILED: Skillz Inc. Sued for Violations of the Federal Securities Laws; Investors Should Contact Block &amp; Leviton LLP - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BOSTON, May 13, 2021 (GLOBE NEWSWIRE) &#8212; Block &amp; Leviton LLP announces that a lawsuit for violations of the federal securities laws has been filed against Skillz Inc. (NYSE: SKLZ) and certain of its executives. Investors who have lost money should contact the firm to learn more about how they might recover those losses. For more details, visit https:\/\/www.blockleviton.com\/cases\/sklz. The deadline to move for appointment as lead plaintiff is July 7, 2021. What is this all about? Skillz provides a proprietary gaming platform for mobile gaming users and developers. Skillz connects players worldwide by hosting fee-based competitive eSports games on its platform. Skillz went public via Flying Eagle Acquisition Corp., a special purpose acquisition company (or SPAC) on December 16, &hellip; Continue reading &quot;LAWSUIT FILED: Skillz Inc. 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Investors who have lost money should contact the firm to learn more about how they might recover those losses. For more details, visit https:\/\/www.blockleviton.com\/cases\/sklz. The deadline to move for appointment as lead plaintiff is July 7, 2021. What is this all about? Skillz provides a proprietary gaming platform for mobile gaming users and developers. Skillz connects players worldwide by hosting fee-based competitive eSports games on its platform. Skillz went public via Flying Eagle Acquisition Corp., a special purpose acquisition company (or SPAC) on December 16, &hellip; Continue reading \"LAWSUIT FILED: Skillz Inc. 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