Lowey Dannenberg P.C. Announces It Has Filed a Class Action Lawsuit in the United States District Court for the Northern District of California, on Behalf of Investors Who Acquired Common Stock of Ski

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NEW YORK, May 8, 2021 (GLOBE NEWSWIRE) – To participate in the Skillz class action lawsuit, go to https://lowey.com/cases/ or call our attorneys at 914-733-7256 or send an E. – Email investigations@lowey.com for more information about the class action.

According to the lawsuit, throughout the classroom, the defendants made false and / or misleading statements and / or failed to disclose that: (i) three games, which were responsible for much of Skillz’s revenue, had declined significantly; (ii) Skillz’s Revenue Recognition Policy misrepresented the Company’s financial condition; (iii) unrealistic market growth, particularly in the Android market; and (iv) as a result, Defendants’ statements about their business, operations and prospects were materially false and misleading and / or were unfounded at all relevant times. When the real details hit the market, the lawsuit alleged that investors suffered damage.

A class action lawsuit has already been filed. If you want to stand as the lead plaintiff, you must move the court no later than July 7, 2021. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute. To join the litigation, go to https://lowey.com/cases/ or call 914-733-7256 or email investigations@lowey.com.

NO CLASS HAS BEEN CERTIFIED IN THE ABOVE PROMOTION. Until a class is certified, you will not be represented by the advisor unless you keep one. You can keep the advice of your choice. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO PARTICIPATE IN A POSSIBLE FUTURE RECOVERY IS NOT DEPENDENT ON THE SERVICE AS LEAD PLAINTIFF.

Lowey has represented both retail and institutional investors, including pension funds, hedge funds and mutual funds, in cases of misconduct in some of the world’s largest financial markets. For example, Lowey has reclaimed hundreds of millions of dollars for investors in LIBOR and Euribor-based derivatives and is currently in charge of the prosecution of seven cases of reference rate manipulation.

Contact information: Lowey Dannenberg, PC44 South Broadway, Suite 1100 White Plains, New York 10601 Tel: 914-733-7256investigations@lowey.com www.lowey.com

Source: Lowey Dannenberg, PC

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