Roblox Corporation
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
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CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
According to the Complaint, Roblox Corporation is an online entertainment company which produces, publishes, and distributes online games and software. It publishes the popular “Roblox” game, which attracts millions of users per day. It also distributes the “Roblox Studio” software, which allows other developers to produce programs and elements on Roblox’s platforms. The company sells advertising space on its online media.
The Complaint alleges that during the Class Period, Defendants made materially false and misleading statements and engaged in a scheme to deceive the market and a course of conduct that artificially inflated the price of Roblox’s common stock and operated as a fraud or deceit on Class Period purchasers of Roblox’s common stock by materially misleading the investing public. The Complaint further alleges that as a result of their purchases of Roblox’s common stock during the Class Period, Plaintiff and other members of the Class suffered economic loss under federal securities laws.
