Roblox Corporation Investors: Class action lawsuit filed on behalf of investors; the Portnoy Law Firm

Globe Newswire 28-Jun-2024 9:00 AM

Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, June 28, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Roblox Corporation ("Roblox" or the "Company") (NYSE:RBLX) investors that a class action has been filed on behalf of investors. Roblox investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.

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.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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