Roblox Corporation Class Action Lawsuit - RBLX

The filed complaint alleges that Roblox Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) the Roblox platform had insufficient content controls and lacked user spending restrictions; (2) these inadequate controls enabled younger Roblox users to play games with inappropriate content and make excessive, unauthorized Robux purchases; (3) a material portion of Roblox’s bookings and revenue growth was due to these excessive, unauthorized Robux purchases; (4) fourth quarter 2021 and 2022 bookings would be negatively impacted by Roblox’s planned rollout of enhanced parental controls; and (5) based on the foregoing, the Company’s bookings and revenue growth was unsustainable throughout the class period.

In order to be eligible to join the RBLX class action lawsuit, you must have incurred a loss on shares of Roblox purchased during the class period listed above.

If you suffered a loss in Roblox during the relevant time frame or pursuant to the relevant offering(s), you have until January 26, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.