HBSS Investigating Claims Against Roblox (RBLX) In Pending Securities Class Action Over Alleged Misleading Statements Regarding Age-Check Rollout Impact

Hagens Berman is investigating a securities class action against Roblox Corporation for allegedly misleading investors about the negative impact of its age verification rollout. The company failed to disclose that the age-check implementation significantly reduced platform engagement, organic user growth, and app store ratings. Roblox shares fell 18.33% on May 1, 2026, after the company revealed the adverse consequences, erasing $6.7 billion in market capitalization. The class period covers October 30, 2025 to April 30, 2026, with a lead plaintiff deadline of August 7, 2026.