SHAREHOLDER ALERT: The Law Offices of Vincent Wong Remind Roblox Investors of a Lead Plaintiff Deadline of January 26, 2024

Jan 18, 2024

PR Newswire

NEW YORK, Jan. 18, 2024

NEW YORK, Jan. 18, 2024 /PRNewswire/ -- Attention Roblox Corporation ("Roblox") (NYSE: RBLX) shareholders:

The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors. 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.

If you suffered a loss on your investment in Roblox, contact us about potential recovery by using the link below. There is no cost or obligation to you.

https://www.wongesq.com/pslra-1/roblox-corporation-class-action-submission-form/?prid=63864&wire=4

ABOUT THE ACTION: The class action against Roblox includes allegations that the Company made 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

Aggrieved Roblox investors only have until January 26, 2024 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: [email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-the-law-offices-of-vincent-wong-remind-roblox-investors-of-a-lead-plaintiff-deadline-of-january-26-2024-302037712.html

SOURCE The Law Offices of Vincent Wong

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