Jedrzejczyk
Jedrzejczyk v. Skillz Inc.
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 9 THOMAS JEDRZEJCZYK, et al., Case No. 21-cv-03450-RS Plaintiffs, 11 v. ORDER GRANTING MOTIONS TO DISMISS SKILLZ INC., et al., 13 Defendants.
15 I. Introduction In this putative securities class action, Plaintiffs aver various violations of the Securities Exchange Act of 1934 (the “Exchange Act”) and the Securities Act of 1933 (the “Securities Act”) by Skillz, Inc. (a mobile gaming technology company), various corporate officers named as individual defendants, and underwriters. Skillz and the individual defendants brought a motion to dismiss. The underwriters joined in portions of Skillz’s motion, and brought a separate motion to dismiss raising additional arguments. For the reasons explained below, both motions are granted. Plaintiffs have failed to plead adequately falsity and scienter as to the Exchange Act claims. Further, Plaintiffs have not established statutory standing as to…