Radnor, Pennsylvania, June 10, 2021 / PRNewswire / -Kessler Topaz Meltzer & Check, LLP law firm has filed a class action lawsuit against Skillz Inc. (NYSE: SKLZ) (“Skillz”) f / k / a Flying Eagle Acquisition. Is warning. Corp. (NYSE: FEAC) (“FEAC”) on behalf of the person who purchased or acquired Skillz securities Between December 16, 2020 And April 19, 2021, Comprehensive (“class period”).
Investor Deadline Reminder: Investor who bought or acquired Skillz securities During class At the latest July 7, 2021Demands that he be nominated as the representative plaintiff of the group. Please contact Kessler Topaz Meltzer & Check, LLP for additional information or how to participate in this proceeding. James Malo, Esq. (484) 270-1453 or Adrian Bell, Esq. (484) 270-1435; Toll free number (844) 887-9500.By email firstname.lastname@example.org; Or click https://www.ktmc.com/skillz-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=skillz
Skillz is an internet technology company that provides mobile game users and developers with a unique gaming platform. FEAC was established early as a special purpose acquisition company January 2020 Defendant-led and controlled by sponsor Eagle Equity Partners II, LLC Harry Sloan, A member of Skillz’s board of directors and former president and chairman of FEAC.
on March 8, 2021, Wolfpack Research has released a research report titled “SKLZ: You need a little skill to see this SP ACtacular Disaster Coming”. It specifically states that: (1) Third-party app data saw a significant decline in all 88% of Skillz’s revenue (21 Blitz, Solitaire Cube, and Blackout Bingo). (2) Skillz did not reveal a significant decline in the popularity of these three games (despite their importance to growth trajectory). (3) Skillz is not taken seriously by players in the gaming industry. (4) Skillz has a long history of worthless “big partnerships”. And (5) Andrew Paradise, Skillz co-founder and its CEO do not have the relevant experience expressed. In response to this news, Skills’ share price fell 10.9%, $ 24.45This disclosure is approximate $ 762 million Loss of investor value.
The complaint alleges that throughout the class, defendants disseminated false and misleading statements and omissions that effectively misrepresented Skills’ alleged financial position and outlook. These materially misleading statements and abbreviations included expressions related to Skillz’s specific business operations, performance metrics, and final assessment. This includes Skillz’s ability to attract new end users, future profitability, and the declining popularity of hosted games, which account for 88. Percentage of that revenue, and a rating of Skills.
Skills Investors At the latest July 7, 2021Through, Kessler Topaz Meltzer & Check, LLP, or other attorneys, you may seek to be nominated as the Group’s principal plaintiff representative, or you may choose to do nothing and remain absent group members. The main plaintiff is the representative who acts on behalf of all class members in conducting the proceedings. In order to be nominated as the primary plaintiff, the court must determine that the claims of the members of the group are typical of the claims of other groups and that the members of the group adequately represent the group. Your ability to share recovery is unaffected by the decision to serve as primary plaintiff.
Kessler Topaz Meltzer & Check, LLP has filed class actions in state and federal courts nationwide, including securities fraud, fiduciary duty violations, and other state and federal law violations. Kessler Topaz Meltzer & Check, LLP is the driving force behind corporate governance reform, recovering billions of dollars on behalf of institutional and individual investors. United States of America And all over the world. The company represents investors, consumers and whistleblowers (private citizens who report fraud against the government and share the government’s dollar recovery). The proceedings in this proceeding were not filed by Kessler Topaz Meltzer & Check, LLP. Learn more about Kessler Topaz Meltzer & Check, LLP. www.ktmc.com..
Kessler Topaz Melzer & Check, LLP
(844) 887-9500 (toll free)
Source: Kessler Topaz Meltzer & Check, LLP
Significant deadline reminders: Kessler Topaz Meltzer & Check, LLP Skillz Inc.Reminds investors of securities fraud class action proceedings | State
Source link Significant deadline reminders: Kessler Topaz Meltzer & Check, LLP Skillz Inc.Reminds investors of securities fraud class action proceedings | State