Hagens Berman probes Roblox after 18% stock drop tied to age-check rollout

Hagens Berman said it is investigating claims in a pending securities class action against Roblox Corporation and its management following allegations that the company failed to disclose how its age-verification rollout was hurting user growth and engagement. The proposed class covers investors who bought Roblox securities between October 30, 2025 and April 30, 2026, and carries an Aug. 7, 2026 deadline to seek appointment as lead plaintiff. The firm’s allegations overlap with a previously announced securities class action filed by Robbins Geller Rudman & Dowd LLP in Mukherjee v. Roblox Corporation, No. 26-cv-05489 (N.D. Cal.), and add more detail on the theory that Roblox portrayed the rollout as a safety-driven "gold standard" while allegedly knowing it would create meaningful friction. Hagens Berman says the age-check features hindered on-platform communication, reduced user interaction, lowered app store ratings and contributed to weaker organic sign-ups. Both matters center on Roblox’s April 30, 2026 first-quarter disclosures, when the company reported a steep deceleration in daily active user growth, cut 2026 revenue guidance and sharply reduced projected bookings growth. Hagens Berman said Roblox disclosed that only 51% of global DAUs had completed age checks and quoted the company as saying the rollout had reduced app store ratings and contributed to fewer organic sign-ups, while also causing "continued friction." Roblox shares fell $10.13, or about 18.33%, on May 1, 2026, wiping out more than $6.7 billion in market value, according to the firm.