Skillz

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of Skillz Inc. f/k/a Flying Eagle Acquisition Corp. (SKLZ) Investors

Friday, May 14, 2021 - 5:00pm

b'Glancy Prongay & Murray LLP (\xe2\x80\x9cGPM\xe2\x80\x9d), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Skillz Inc. f/k/a Flying Eagle Acquisition Corp. ("Skillz" or the "Company") (NYSE: SKLZ ) securities between December 16, 2020 and April 19, 2021, inclusive (the \xe2\x80\x9cClass Period\xe2\x80\x9d).

Key Points: 
  • b'Glancy Prongay & Murray LLP (\xe2\x80\x9cGPM\xe2\x80\x9d), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Skillz Inc. f/k/a Flying Eagle Acquisition Corp. ("Skillz" or the "Company") (NYSE: SKLZ ) securities between December 16, 2020 and April 19, 2021, inclusive (the \xe2\x80\x9cClass Period\xe2\x80\x9d).
  • Skillz investors have until July 7, 2021 to file a lead plaintiff motion.\nIf you suffered a loss on your Skillz investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/skillz-inc/ .
  • To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class.
  • If you inquire by email please include your mailing address, telephone number and number of shares purchased.\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210514005063/en/\n'

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Skillz Inc. f/k/a Flying Eagle Acquisition Corp. (SKLZ) Investors

Thursday, May 13, 2021 - 8:41pm

b'Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Skillz Inc. f/k/a Flying Eagle Acquisition Corp. ("Skillz" or the "Company") (NYSE: SKLZ ) securities between December 16, 2020 and April 19, 2021, inclusive (the \xe2\x80\x9cClass Period\xe2\x80\x9d).

Key Points: 
  • b'Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Skillz Inc. f/k/a Flying Eagle Acquisition Corp. ("Skillz" or the "Company") (NYSE: SKLZ ) securities between December 16, 2020 and April 19, 2021, inclusive (the \xe2\x80\x9cClass Period\xe2\x80\x9d).
  • Skillz investors have until July 7, 2021 to file a lead plaintiff motion.\nInvestors suffering losses on their Skillz investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com .\nOn March 8, 2021, Wolfpack Research published a report about the Company alleging that the growth speculations from Skillz and its insiders were \xe2\x80\x9centirely unrealistic\xe2\x80\x9d and that Skillz\xe2\x80\x99s top three games, representing 88% of Skillz\xe2\x80\x99s revenue, reported a decline in downloads since the third quarter of 2020.\nOn this news, Skillz\xe2\x80\x99s stock price fell $3.00 per share, or 10.9%, to close at $24.45, thereby injuring investors.\nOn April 19, 2021, Eagle Eye Research posted an anonymous report on Twitter in which it claimed that, through the use of providing users with incentive Bonus Payments, \xe2\x80\x9cthe company likely recognizes substantial non-cash revenue and [] cash revenues may be less than \xc2\xbd of GAAP revenue.\xe2\x80\x9d\nOn this news, Skillz\xe2\x80\x99s stock price fell $1.00 per share, or 6.61%, to close at $14.11 on April 19, 2021.
  • Shares continued to decline to close at $12.55 on April 20, 2021, thereby injuring investors further.\nThe complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company\xe2\x80\x99s business, operations, and prospects.
  • Specifically, Defendants failed to disclose to investors that: (1) three games responsible for a majority of Skillz\'s revenues had declined substantially; (2) Skillz\'s revenue recognition policy misrepresented the financial condition of the company; (3) unrealistic market growth, specifically in the Android market; and (4) 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.\nIf you purchased Skillz securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com , or visit our website at www.howardsmithlaw.com .\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005987/en/\n'

SHAREHOLDER ALERT: Robbins LLP Announces That Skillz Inc. (SKLZ) f/k/a Flying Eagle Acquisition Corp. is Being Sued for Misleading Shareholders

Wednesday, May 12, 2021 - 7:10pm

The merger valued Skillz at $3.5 billion.

Key Points: 
  • The merger valued Skillz at $3.5 billion.
  • This valuation, however, was overstated as it relied on revenue projections that had little basis in reality.
  • A substantial portion of Skillz\'s revenue is generated through Skillz\'s own cash, which it provides to its gamer customers in the form of Bonus Cash incentives.
  • Shareholders pay no fees or expenses.\nContact us to learn more:\n'

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Skillz Inc. f/k/a Flying Eagle Acquisition Corp. (SKLZ) on Behalf of Investors

Wednesday, May 12, 2021 - 8:00pm

b'Law Offices of Howard G. Smith announces an investigation on behalf of Skillz Inc. f/k/a Flying Eagle Acquisition Corp. ("Skillz" or the "Company") (NYSE: SKLZ ) investors concerning the Company\xe2\x80\x99s possible violations of federal securities laws.\nOn March 8, 2021, Wolfpack Research published a report about the Company alleging that the growth speculations from Skillz and its insiders were \xe2\x80\x9centirely unrealistic\xe2\x80\x9d and that Skillz\xe2\x80\x99s top three games, representing 88% of Skillz\xe2\x80\x99s revenue, reported a decline in downloads since the third quarter of 2020.\nOn this news, Skillz stock price fell $3.00 per share, or 10.9%, to close at $24.45, thereby injuring investors.\nOn April 19, 2021, Eagle Eye Research posted an anonymous report on Twitter in which it claimed that, through the use of providing users with incentive Bonus Payments, \xe2\x80\x9cthe company likely recognizes substantial non-cash revenue and [] cash revenues may be less than \xc2\xbd of GAAP revenue.\xe2\x80\x9d\nOn this news, Skillz stock price fell $1.00 per share, or 6.61%, to close at $14.11 on April 19, 2021.

Key Points: 
  • b'Law Offices of Howard G. Smith announces an investigation on behalf of Skillz Inc. f/k/a Flying Eagle Acquisition Corp. ("Skillz" or the "Company") (NYSE: SKLZ ) investors concerning the Company\xe2\x80\x99s possible violations of federal securities laws.\nOn March 8, 2021, Wolfpack Research published a report about the Company alleging that the growth speculations from Skillz and its insiders were \xe2\x80\x9centirely unrealistic\xe2\x80\x9d and that Skillz\xe2\x80\x99s top three games, representing 88% of Skillz\xe2\x80\x99s revenue, reported a decline in downloads since the third quarter of 2020.\nOn this news, Skillz stock price fell $3.00 per share, or 10.9%, to close at $24.45, thereby injuring investors.\nOn April 19, 2021, Eagle Eye Research posted an anonymous report on Twitter in which it claimed that, through the use of providing users with incentive Bonus Payments, \xe2\x80\x9cthe company likely recognizes substantial non-cash revenue and [] cash revenues may be less than \xc2\xbd of GAAP revenue.\xe2\x80\x9d\nOn this news, Skillz stock price fell $1.00 per share, or 6.61%, to close at $14.11 on April 19, 2021.
  • Shares continued to decline to close at $12.55 on April 20, 2021, thereby injuring investors further.\nIf you purchased Skillz securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com , or visit our website at www.howardsmithlaw.com .\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210512005247/en/\n'

SKILLZ INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California against Skillz Inc.

Wednesday, May 12, 2021 - 5:46pm

b'LEAD PLAINTIFF DEADLINE IS JULY 7, 2021\nNEW YORK, May 12, 2021 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed has been filed in the United States District Court for the Northern District of California on behalf of investors that purchased the securities of Skillz Inc. ("Skillz" or the "Company") (NYSE: SKLZ) from December 20, 2020 through April 19, 2021 (the \xe2\x80\x9cClass Period\xe2\x80\x9d).\nAll investors who purchased shares of Skillz Inc. and incurred losses are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774.

Key Points: 
  • b'LEAD PLAINTIFF DEADLINE IS JULY 7, 2021\nNEW YORK, May 12, 2021 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed has been filed in the United States District Court for the Northern District of California on behalf of investors that purchased the securities of Skillz Inc. ("Skillz" or the "Company") (NYSE: SKLZ) from December 20, 2020 through April 19, 2021 (the \xe2\x80\x9cClass Period\xe2\x80\x9d).\nAll investors who purchased shares of Skillz Inc. and incurred losses are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774.
  • You may obtain additional information concerning the action or join the case on our website, www.whafh.com.\nIf you have incurred losses in the shares of Skillz Inc., you may, no later than July 7, 2021, request that the Court appoint you lead plaintiff of the proposed class.\xc2\xa0\xc2\xa0 Please contact Wolf Haldenstein to learn more about your rights as an investor in the shares of Skillz Inc.\nOn March 8, 2021, Wolfpack Research released a report titled, \xe2\x80\x9cSKLZ: IT takes Little Skill to see this SPACtacular Disaster Coming\xe2\x80\x9d (the \xe2\x80\x9cWolfpack Report\xe2\x80\x9d).
  • Shares further declined the next day to an all-time low of $12.55.\nWolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.
  • The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.

The Law Offices of Frank R. Cruz Announces Investigation of Skillz Inc. f/k/a Flying Eagle Acquisition Corp. (SKLZ) on Behalf of Investors

Wednesday, May 12, 2021 - 4:00pm

b'The Law Offices of Frank R. Cruz announces an investigation of Skillz Inc. f/k/a Flying Eagle Acquisition Corp. ("Skillz" or the "Company") (NYSE: SKLZ ) on behalf of investors concerning the Company\xe2\x80\x99s possible violations of federal securities laws.\nIf you are a shareholder who suffered a loss, click here to participate.\nOn March 8, 2021, Wolfpack Research published a report about the Company alleging that the growth speculations from Skillz and its insiders were \xe2\x80\x9centirely unrealistic\xe2\x80\x9d and that Skillz\xe2\x80\x99s top three games, representing 88% of Skillz\xe2\x80\x99s revenue, reported a decline in downloads since the third quarter of 2020.\nOn this news, Skillz stock price fell $3.00 per share, or 10.9%, to close at $24.45, thereby injuring investors.\nOn April 19, 2021, Eagle Eye Research posted an anonymous report on Twitter in which it claimed that, through the use of providing users with incentive Bonus Payments, \xe2\x80\x9cthe company likely recognizes substantial non-cash revenue and [] cash revenues may be less than \xc2\xbd of GAAP revenue.\xe2\x80\x9d\nOn this news, Skillz stock price fell $1.00, or 6.61%, to close at $14.11 on April 19, 2021.

Key Points: 
  • b'The Law Offices of Frank R. Cruz announces an investigation of Skillz Inc. f/k/a Flying Eagle Acquisition Corp. ("Skillz" or the "Company") (NYSE: SKLZ ) on behalf of investors concerning the Company\xe2\x80\x99s possible violations of federal securities laws.\nIf you are a shareholder who suffered a loss, click here to participate.\nOn March 8, 2021, Wolfpack Research published a report about the Company alleging that the growth speculations from Skillz and its insiders were \xe2\x80\x9centirely unrealistic\xe2\x80\x9d and that Skillz\xe2\x80\x99s top three games, representing 88% of Skillz\xe2\x80\x99s revenue, reported a decline in downloads since the third quarter of 2020.\nOn this news, Skillz stock price fell $3.00 per share, or 10.9%, to close at $24.45, thereby injuring investors.\nOn April 19, 2021, Eagle Eye Research posted an anonymous report on Twitter in which it claimed that, through the use of providing users with incentive Bonus Payments, \xe2\x80\x9cthe company likely recognizes substantial non-cash revenue and [] cash revenues may be less than \xc2\xbd of GAAP revenue.\xe2\x80\x9d\nOn this news, Skillz stock price fell $1.00, or 6.61%, to close at $14.11 on April 19, 2021.
  • Shares continued to decline to close at $12.55 on April 20, 2021, thereby injuring investors further.\nFollow us for updates on Twitter: twitter.com/FRC_LAW .\nIf you purchased Skillz securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com , or visit our website at www.frankcruzlaw.com .
  • If you inquire by email please include your mailing address, telephone number, and number of shares purchased.\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210512005254/en/\n'

Skillz, Inc. Investors: Last Days to Participate Actively in the Class Action Lawsuit; Portnoy Law Firm

Tuesday, May 11, 2021 - 11:56pm

The majority of Skillz\xe2\x80\x99s revenue was comprised of three games in particular that had suffered from a significant decline.

Key Points: 
  • The majority of Skillz\xe2\x80\x99s revenue was comprised of three games in particular that had suffered from a significant decline.
  • Skillz\xe2\x80\x99s public statements were materially misleading and false throughout the class period, based on these facts.
  • Investors suffered damages when the market learned the truth about Skillz.\nA class action lawsuit has already been filed.
  • The Firm\xe2\x80\x99s founding partner has recovered over $5.5 billion for aggrieved investors.

Notice of Lead Plaintiff Deadline for Shareholders in the Skillz Inc. f/k/a Flying Eagle Acquisition Corp. Class Action Lawsuit

Monday, May 10, 2021 - 11:30pm

A lead plaintiff acts on behalf of all other class members in directing the Skillz class action lawsuit.

Key Points: 
  • A lead plaintiff acts on behalf of all other class members in directing the Skillz class action lawsuit.
  • The lead plaintiff can select a law firm of its choice to litigate the Skillz class action lawsuit.
  • An investor\xe2\x80\x99s ability to share in any potential future recovery of the Skillz action lawsuit is not dependent upon serving as lead plaintiff.
  • Lead plaintiff motions for the Skillz class action lawsuit must be filed with the court no later than July 7, 2021.\nSkillz provides a proprietary gaming platform for mobile gaming users and developers.

Skillz Awarded “Best Places to Work” Distinction

Friday, May 7, 2021 - 2:00pm

The accolade also puts Skillz in a notable group alongside other leading companies, including Salesforce, Fidelity Investments, and SAP.\nWinners of this special honor are determined based on employee responses to the third-party Best Places to Work survey.

Key Points: 
  • The accolade also puts Skillz in a notable group alongside other leading companies, including Salesforce, Fidelity Investments, and SAP.\nWinners of this special honor are determined based on employee responses to the third-party Best Places to Work survey.
  • The Skillz platform helps developers build multi-million dollar franchises by enabling social competition in their games.
  • Leveraging its patented technology , Skillz hosts billions of casual esports tournaments for millions of mobile players worldwide, and distributes millions in prizes each month.
  • Skillz has earned recognition as one of Fast Company\xe2\x80\x99s Most Innovative Companies, CNBC\xe2\x80\x99s Disruptor 50, Forbes\xe2\x80\x99 Next Billion-Dollar Startups, and the #1 fastest-growing company in America on the Inc. 5000. www.skillz.com\n'

Skillz Hires Airbnb Executive Ian Lee as CFO

Tuesday, May 4, 2021 - 11:37pm

b'Skillz (NYSE: SKLZ), the leading mobile games platform connecting players around the world in fair, fun, and meaningful competition, announced today that veteran finance and investor relations executive Ian Lee has been hired as the company\xe2\x80\x99s Chief Financial Officer (CFO).

Key Points: 
  • b'Skillz (NYSE: SKLZ), the leading mobile games platform connecting players around the world in fair, fun, and meaningful competition, announced today that veteran finance and investor relations executive Ian Lee has been hired as the company\xe2\x80\x99s Chief Financial Officer (CFO).
  • The Skillz marketplace expands the gaming ecosystem, helping developers share their art with the world and build multi-million dollar franchises by enabling social competition in their games.
  • Leveraging its patented technology , Skillz hosts billions of casual esports tournaments for 30 million mobile players worldwide and distributes millions in prizes each month.
  • The company is headquartered in San Francisco and backed by leading venture capitalists, media companies, and professional sports leagues and franchises.