Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Oct. 09, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Roblox Corporation (“Roblox” or “the Company”) (: RBLX) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Roblox investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The investigation is centered on whether the Company made false and/or misleading statements and/or failed to disclose relevant information to investors. Roblox is the focus of a report released by Hindenburg Research on October 8, 2024. The report claims that the Company significantly inflated its Daily Active Users by as much as 42% and also exaggerated its engagement hours. Additionally, it alleges that the Company put minors at risk of encountering predators, grooming, and unsafe interactions.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bars
[email protected]
310-692-8883
www.portnoylaw.com
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