Skillz Inc. (NYSE: SKLZ) Lawsuit Update: Investors who purchased Flying Eagle Acquisition Corp. (formerly NYSE: FEAC) shares should contact the Shareholders Foundation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 17 2024
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Source: PRnewswire
Lawsuit Update: The Shareholders Foundation announced an update regarding a lawsuit involving investors who purchased shares of Skillz Inc. (NYSE: SKLZ), originally from Flying Eagle Acquisition Corp. (formerly NYSE: FEAC), over alleged securities law violations.
Court Rulings: A court dismissed the lawsuit in March 2023, and the Court of Appeals affirmed this dismissal in April 2024, prompting affected investors to contact the Shareholders Foundation for further options.
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About SKLZ
Skillz Inc. (Skillz) offers mobile games platform. The Skillz platform helps developers create franchises by enabling social competition in their games. The Company hosts various casual eSports tournaments for various mobile players worldwide. Skillz technology platform aligns the interests of developers and gamers with respect to user monetization. It monetizes user engagement primarily through prizes. The Company offers a range of gaming experiences for users. It enables game genres that can be played asynchronously, synchronously or turn-based synchronously. Its end-to-end technology platform enables mobile game developers to improve gameplay experiences and drive improved engagement, retention and revenue from their content. It offers an integrated software development kit (SDK), which contains over 200 features, including various social features, such as in-game chat, friends, tournaments and leagues, which allow players to interact and build relationships in the player community.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








