SAN DIEGO, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP (www.JohnsonFistel.com) is investigating whether Roblox Corporation (NYSE: RBLX, any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
What if I purchased Roblox common stock? If you purchased common stock in the company and suffered significant losses on your investment, join our investigation now:
https://www.johnsonfistel.com/investigations/roblox
Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471
There is no cost or obligation to you.
What is Johnson Fistel investigating?
On August 17, 2023, Edwin Dorsey of The Bear Cave issued a short report alleging that Roblox has “facilitated hundreds of known child abuse cases, popular Roblox game developers have been arrested on child abuse allegations, Roblox games include images of dismembered bodies and Nazi logos, and the company has been linked to child suicide attempts and the widespread production of child pornography.”
On February 3, 2022, The Bear Cave issued a short report on Roblox alleging that “It is also the leading platform for pedophiles.” The report further states that “Multiple major Roblox developers have been banned after being exposed for pedophilia.” Additionally, The Bear Cave alleged, “The company has engaged in litigation and intimidation to help conceal allegations of pedophilia on the platform.”
What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com.
Contact:
Johnson Fistel, LLP
Jim Baker, Lead Securities Analyst
Telephone: (619) 814-4471
Email: jimb@johnsonfistel.com
Frank Johnson
Telephone: 619-309-4405
Email: fjohnson@johnsonfistel.com
