SHAREHOLDER ALERT: Pomerantz Law Firm Announces Filing of Class Action Lawsuit Against Roblox Corporation

NEW YORK, July 10, 2024 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against Roblox Corporation (“Roblox” or the “Company”) (NYSE: RBLX). Investors are advised to Danielle Peyton at (email protected) or 646-581-9980 (or 888.4-POMLAW), toll-free, extension 7980. For inquiries by email, you will be asked to provide your mailing address, telephone number and the number of shares purchased.

The class action lawsuit concerns whether Roblox and certain of its officers and/or directors engaged in securities transactions. Fraud or other unlawful business practices.

You have until 9 August 2024to ask the Court to appoint you as lead plaintiff for the class if you are a shareholder who purchased or otherwise acquired Roblox securities during the Class Period. A copy of the complaint is available atT www.pomerantzlaw.com.

(Click here for information on joining the class action lawsuit.)

At May 8, 2024Roblox held its first quarter 2024 earnings conference call and released related financial reports. The company announced that it was increasing its previously announced booking guidance to 4.0 billion US dollars for 2024. It also announced booking growth of just 19% for the first quarter of 2024. Roblox attributed the results to its digital economy, new purchasable items, and platform expansion.

Due to this news, Roblox’s share price fell $10.12 per share or 24.96% over the following two trading sessions and closed at $30.42 per share on May 9, 2024.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel-Avivis considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. PomerantzKnown as the dean of class action lawyers, Pomerantz was a pioneer in the field of securities class action litigation. Today, more than 85 years later, Pomerantz continues the tradition he established and fights for the rights of victims of securities class action litigation. FraudBreach of fiduciary duty and corporate misconduct. The firm has won billions of dollars in damages on behalf of class action plaintiffs. See www.pomlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 extension 7980

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