Skillz Inc. Files Lawsuit Against Tether Studios Over Termination of Agreements, Seeks Injunctive Relief
Reuters
Sep 03
<a href="https://laohu8.com/S/SKLZ">Skillz Inc</a>. Files Lawsuit Against Tether Studios Over Termination of Agreements, Seeks Injunctive Relief
Skillz Inc. has initiated legal action against Tether Studios, LLC and Tether Games, Inc., following a notice from Tether indicating the termination of all agreements between the two companies. Skillz disputes the validity of this termination, asserting it breaches Tether's contractual obligations. The agreements in question include developer terms and monetization services linked to games such as Solitaire Cube and 21 Blitz, which are crucial to Skillz's platform. Filed in the Court of Chancery of the State of Delaware, the lawsuit seeks injunctive and declaratory relief concerning Tether's alleged breach. Skillz is contesting Tether's claims for termination for cause and is preparing to defend its stance, although the outcome and potential business impact remain uncertain.
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