San Diego, CA -- (SBWire) -- 03/14/2022 --Roblox Corporation is under investigation over potential securities laws violations in connection with certain statements.
Investors who purchased shares of Roblox Corporation (NYSE: RBLX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Roblox Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Mateo, CA based Roblox Corporation develops and operates an online entertainment platform. Roblox Corporation reported that its annual Total Revenue rose from $923.88 million in 2020 to over $1.91 billion in 2021, and that its net Loss increased from $253.25 million in 2020 to $491.65 million in 2021.
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."
Shares of Roblox Corporation (NYSE: RBLX) declined from $141.60 per share on November 22, 2021, to as low as $41.15 per share on March 7, 2021.
Those who purchased shares of Roblox Corporation (NYSE: RBLX) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Roblox Corporation (NYSE:RBLX) Investor Notice: Investigation over Possible Violations of Securities Laws
An investigation for investors in Roblox Corporation (NYSE:RBLX) shares over potential securities laws violations by Roblox Corporation was announced.