ROBLOX SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Roblox Corporation - RBLX

NEW ORLEANS, Jan. 5, 2024

What You May Do

If you purchased shares of Roblox and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-rblx/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by January 26, 2024.

About the Lawsuit

Roblox and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Roblox platform had insufficient content controls and lacked user spending restrictions; (ii) these inadequate controls enabled younger users to play games with inappropriate content and make excessive, unauthorized purchases; (iii) a material portion of the Company's bookings and revenue growth was due to these excessive, unauthorized purchases; (iv) the Company's planned rollout of enhanced parental controls would  negatively impact Q4 2021 and 2022 bookings; and (v) based on the foregoing, the Company's bookings and revenue growth were unsustainable throughout the Class Period.