Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Roblox Corporation (NYSE: RBLX) resulting from allegations that Roblox may have issued materially misleading business information to the investing public.
If you purchased Roblox securities and would like to join the prospective action, please click “Join This Class Action.”
On February 3, 2022, market analyst The Bear Cave published a report regarding Roblox entitled “Problems at Roblox (RBLX)”, which alleges, in part, that the Company’s “former social media manager ran a pornographic blog while employed by the Company,” and has “engaged in litigation and intimidation to help conceal allegations of pedophilia on the platform.”
On this news, Roblox’s share price fell $5.50 per share, or 8%, to close at $60.67 per share on February 3, 2022, damaging investors.
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