Hagens Berman expands Roblox securities class period
Hagens Berman says investors who bought Roblox common stock from Oct. 31, 2024, through April 30, 2026, may be included in an expanded securities class action tied to safety disclosures and an age-check rollout.
Hagens Berman says investors who bought Roblox common stock from Oct. 31, 2024, through April 30, 2026, may be included in an expanded securities class action tied to safety disclosures and an age-check rollout.
What happened
Hagens Berman said in a PR Newswire notice dated Aug. 6, 2026, that the class period in an ongoing securities class action against Roblox Corporation has been expanded. The notice says the case now covers investors who purchased or otherwise acquired Roblox common stock from Oct. 31, 2024, through April 30, 2026, inclusive.
The firm said it is seeking lead plaintiffs ahead of an Aug. 7, 2026, deadline. The notice directs investors to the firm’s contact information and case page.
Why it matters
The litigation centers on allegations that Roblox made misleading disclosures about the safety of its platform for young users and about the business effects of an age-check verification rollout. Because the claims are part of an ongoing securities case, the notice does not resolve them. It reflects the firm’s allegations and the timeline it says applies to the suit.
Context and background
According to the notice, Roblox began an age-check rollout in November 2025. The source says the company had previously said safety would be paramount, that building safety into its products had been a huge effort, and that its safety approach included parental controls.
The notice also quotes Roblox as saying its safety and civility policies were “purpose-built to be strict” because the platform includes children aged 5 and over. It says Roblox later announced on Oct. 30, 2025, that enhanced age verification technology would begin globally in January 2026.
Hagens Berman said Roblox shares fell 16% that day, from $133.74 to $113.00 per share, and that the drop erased $13 billion in market value. Those figures appear in the firm’s notice.
The source says Roblox later disclosed on April 30, 2026, that year-over-year and sequential daily active user growth had slowed sharply. It also says the company cut its 2026 revenue guidance, lowered its 2026 bookings growth midpoint from 24% to 10%, and said only 51% of global daily active users had been age-checked.
Roblox also said, according to the notice, that age checking had reduced app store ratings and may have lowered organic sign-ups from app stores. The company attributed lowered prospects to “continued friction” from the rollout, the notice says.
What Hagens Berman said
Reed Kathrein, the Hagens Berman partner leading the investigation, said the firm is focused on when Roblox and management knew about the adverse consequences of the rollout and whether they intentionally misled investors, according to the notice.
The release also mentions the SEC Whistleblower program and says original information may qualify for rewards of up to 30% of any successful SEC recovery.
What happens next
The lead-plaintiff deadline in the notice is Aug. 7, 2026. The case remains an allegation unless and until a court resolves the claims.
Sources
Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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