The law firm says the case now covers Roblox investors from Oct. 31, 2024 through Apr. 30, 2026, with an Aug. 7, 2026 lead plaintiff deadline tied to disclosures about platform safety and age checks.
Hagens Berman said the alleged class period in ongoing securities class action litigation involving Roblox Corporation has been expanded to include investors who purchased or acquired Roblox common stock between Oct. 31, 2024 and Apr. 30, 2026. The investigation centers on whether Roblox and its co-defendants violated federal securities laws through disclosures about safety for young users and the business impact of its age-check verification rollout, which began in November 2025. The firm said investors began learning more through disclosures starting on Oct. 30, 2025, when Roblox announced enhanced age verification technology would begin rolling out globally in January 2026. Roblox shares fell 16% that day, from $133.74 to $113.00, erasing $13 billion in market value, the release said. It added that on Apr. 30, 2026, Roblox disclosed a sharp slowdown in daily active user, or DAU (daily active users), growth, cut 2026 revenue guidance, reduced its 2026 bookings growth midpoint to 10% from 24%, and said only 51% of global DAUs had age checked. The company also said the process had reduced app store ratings and may have weighed on organic sign-ups. Hagens Berman set an Aug. 7, 2026 deadline for lead plaintiffs and said it is seeking submissions from investors with substantial losses and from potential whistleblowers under the SEC (U.S. securities regulator) Whistleblower program.