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May 22, 2021, Radnor, Pennsylvania (GLOBE NEWSWIRE)-Kessler Topaz Meltzer & Check, LLP Law Firm reminded Skillz Inc. (NYSE:SKLZ) (“Skillz”) f / k / a Flying Eagle Acquisition Corp. (NYSE:limited liability company) (Hereinafter referred to as “FEAC”) investors who have filed a securities fraud class action in the U.S. District Court for the Northern District of California on behalf of those who purchased or acquired Skillz securities Between December 16, 2020 and April 19, 2021(Inclusive) (“During Class”).
Deadline for lead plaintiff: July 7, 2021
Skillz is an Internet technology company that provides a proprietary game platform for mobile game users and developers. FEAC was established by its sponsor Eagle Equity Partners II, LLC in January 2020. It is a special purpose acquisition company led and controlled by the defendant Harry Sloan (a member of the Skillz board of directors and former president and chairman of FEAC).
The complaint alleges that during the entire class, the defendant spread false and misleading statements and omissions, which severely distorted the financial status and prospects of Skilz’s claims. These material misleading statements and omissions include statements related to certain business operations, performance indicators and final valuation of Skillz, including Skillz’s ability to attract new end users, future profitability, and the growing popularity of hosted games (accounting for 88 ) As a percentage of revenue and Skillz’s valuation.
Skillz investors may No later than July 7, 2021, Seeking to be appointed as the chief plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other consultants, or may choose not to do anything and remain absent. The lead plaintiff is the representative of the class members who represent all litigations. In order to be appointed as the lead plaintiff, the court must determine that the claim of the class member is a typical feature of the claims of other class members, and that the class member will fully represent the class. Your ability to share any recovery is not affected by the decision whether to act as the main plaintiff.
Attorney Kessler Topaz Meltzer & Check sued in state and federal courts across the country for securities fraud, breach of fiduciary duty, and other class actions that violated state and federal laws. Kessler Topaz Meltzer & Check, LLP is the driving force of corporate governance reform and has recovered billions of dollars on behalf of institutional investors and individual investors in the United States and around the world. The company represents investors, consumers and whistleblowers (private citizens who report fraud against the government and share the recovery of government funds). Kessler Topaz Meltzer & Check, LLP did not file a lawsuit.For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
contact:
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr.
Adrienne Bell, Esq.
280 Prussian Road
Radnor, Pennsylvania 19087
(844) 887-9500 (toll free)
info@ktmc.com
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