Recent Security Class Actions

Roblox Corporation Class A Common Stock (NYSE: RBLX)

Company Name:Roblox Corporation Class A Common Stock
Stock Symbol:NYSE: RBLX
Class Period Start:03/10/2021
Class Period End (inclusive):02/15/2022
Filing Deadline:01/26/2024

The Complaint alleges that statements made by Defendants throughout the Class Period were materially false and misleading when made because they misrepresented 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.