shareholders with a loss of $100,000 or more are encouraged to contact the firm.
Angels, Jan. 11, 2024 /PRNewswire/ – Law Offices Frank R. cruise Declare that investors with significant losses have the opportunity to lead securities Fraud class action suit against Roblox Corporation (“Roblox” or the “Company”) (NYSE: RBLX).
Class Duration: March 10, 2021 – February 15, 2022
Last Date of Lead Plaintiff:January 26, 2024
If you are a shareholder who has suffered a loss, click here to participate.
Filed a complaint accusations that, throughout the class period, Defendants failed to disclose to investors that: (1) the Roblox platform had inadequate content controls and lacked user spending restrictions; (2) these inadequate controls enabled young Roblox users to play games with inappropriate content and make excessive, unauthorized Robux purchases; (3) a material portion of Robux’s bookings and revenue growth was due to these excessive, unauthorized Robux purchases; (4) fourth quarter 2021 and 2022 bookings will be negatively impacted by Roblox’s planned rollout of enhanced parental controls; and (5) as a result, Defendants’ affirmative statements about the Company’s business, operations and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
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You do not need to take any action at this time to become a member of the class action; You may retain counsel of your choice or take no action and remain an absent member of the class action. If you would like to learn more about this class action, or if you have any questions regarding your rights or interests with respect to this announcement or pending class action litigation, please contact Frank R. cruiselaw offices of Frank R. cruise2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email at info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
This press release may be considered an attorney disclosure in some jurisdictions under applicable laws and ethics rules.
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Source Law Offices Frank R. cruise, Angels
