According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the three games responsible for a majority of Skillz’s revenues had declined substantially; (2) Skillz’s revenue recognition policy misrepresented the Company’s financial condition; (3) Skillz had unrealistic market growth projections, specifically in the Android market; and (4) as a result of the foregoing, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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