NEW
YORK, Jan. 19, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders
of Roblox Corporation.
Shareholders who purchased shares of RBLX during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/roblox-corporation-loss-submission-form/?id=64022&from=4
CLASS PERIOD: This lawsuit is on behalf of all persons or
entities that purchased or otherwise acquired Roblox Class A common
stock between March 10, 2021 and
February 15, 2022, inclusive.
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued 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.
DEADLINE: January 26, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/roblox-corporation-loss-submission-form/?id=64022&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of RBLX during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is January 26, 2024. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm