ROBLOX SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF OVER $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Roblox Corporation - RBLX

Key Facts

• Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 26, 2024 to file lead plaintiff applications in a securities class action lawsuit against Roblox Corporation (NYSE: RBLX), if they purchased or otherwise acquired the Company's shares between March 10, 2021 and February 15, 2022, inclusive (the "Class Period").
• What You May Do If you purchased shares of Roblox and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-rblx/ to learn more.
• The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Roblox platform had insufficient content controls and lacked user spending restrictions; (ii) these inadequate controls enabled younger users to play games with inappropriate content and make excessive, unauthorized purchases; (iii) a material portion of the Company's bookings and revenue growth was due to these excessive, unauthorized purchases; (iv) the Company's planned rollout of enhanced parental controls would negatively impact Q4 2021 and 2022 bookings; and (v) based on the foregoing, the Company's bookings and revenue growth were unsustainable throughout the Class Period.
• About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms.

Click To Read Full Article