The Gross Law Firm has issued a notice to Roblox Corporation shareholders regarding a securities class action, with a lead plaintiff deadline of August 7, 2026. The class period covers purchases of Roblox shares between October 31, 2024 and April 30, 2026. The complaint alleges that defendants made materially false and misleading statements about Roblox's organic growth potential, concealing that age verification rollout would quickly taper enrollment and cause a significant slowdown in growth rates. On April 30, 2026, Roblox announced first-quarter fiscal 2026 results, slashing bookings growth guidance to 8-12% and disclosing that age verification adoption had only increased to 51% of global daily active users, leading to a stock price drop from $55.26 to $45.13 per share, a decline of about 18.33% in a single day. Shareholders who purchased shares during the class period are encouraged to register for the action, with no cost or obligation to participate.
Roblox CorpSecurities class action lawsuit alleging false statements about growth and age verification impact.