Pomerantz LLP is investigating claims of securities fraud against Roblox Corporation (NYSE: RBLX) following a lawsuit filed by the Louisiana Attorney General alleging child predators can pose as children on the company's online gaming platform. The stock price fell 6.34% after media outlets reported on the lawsuit. Investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980 to join the class action.
Pomerantz LLP has initiated an investigation into claims of securities fraud against Roblox Corporation (NYSE: RBLX) following a lawsuit filed by Louisiana Attorney General Liz Murrill. The lawsuit alleges that Roblox's online gaming platform lacks adequate safety measures, allowing child predators to pose as children and facilitating the sharing of sexually explicit material. This revelation has led to a significant drop in Roblox's stock price, with shares falling $7.94 per share, or 6.34%, to close at $117.34 per share on August 15, 2025 [1].
Investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980 to join the class action. Pomerantz LLP, known for its expertise in corporate, securities, and antitrust class litigation, is investigating whether Roblox and its officers and/or directors have engaged in securities fraud or other unlawful business practices [2].
The lawsuit filed by Louisiana Attorney General Liz Murrill accuses Roblox of failing to implement effective safety measures to protect child users from adult predators. The lawsuit alleges that Roblox's lack of controls on its platform allows predators to connect with children and facilitates the sharing of sexually explicit material [3]. The company has faced similar lawsuits and backlash in the past, including a recent lawsuit in Iowa following the exploitation of a 13-year-old girl [4].
Roblox has disputed the allegations, stating that it has implemented rigorous safeguards to protect its users. The company has implemented restrictions on sharing personal information, links, and user-to-user image sharing, as well as prohibiting sexual conversations. Additionally, Roblox has partnered with law enforcement and leading child safety organizations worldwide to combat the sexual exploitation of children [4].
The investigation by Pomerantz LLP comes amidst mounting criticism and scrutiny of Roblox's content moderation practices and its approach to protecting young users. The company has implemented additional measures in recent months to enhance safety, including an artificial intelligence system to detect potential child exploitation attempts [2].
Investors are encouraged to stay informed about the ongoing investigation and the potential implications for Roblox's stock price and business operations.
References:
[1] https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-roblox-corporation--rblx-302535521.html
[2] https://abc7ny.com/post/louisiana-sues-roblox-accusing-site-allowing-sexual-predators-victimize-children/17577051/
[3] https://www.complex.com/life/a/sienna-dubois/roblox-accused-of-enabling-child-abuse-in-new-lawsuit
[4] https://www.wowt.com/2025/08/22/13-year-old-girl-targeted-by-predator-roblox-lawsuit-says/
Comments
No comments yet