Levi & Korsinsky notifies investors that it has commenced an investigation into Skillz Inc. (NYSE: SKLZ) concerning potential violations of the federal securities laws.
Skillz disclosed in a filing with the U.S. Securities and Exchange Commission on September 2, 2025, that Tether Studios and its affiliate Tether Games (together, "Tether") plan to terminate all agreements with Skillz, effective September 1, 2025. Under the agreements, Skillz has licensed its software to Tether for use in monetizing Tether's games. In return, both companies share the revenue from user entry fees. After receiving the notice, Skillz filed a lawsuit on September 1, 2025, seeking to block Tether's termination of their agreements. Skillz is also disputing Tether's reasons for ending the deal. Following this news, Skillz's stock price fell over 17% on September 3, 2025.
If you suffered a loss on your Skillz Inc. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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