SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Roblox Corporation - RBLX

NEW YORK, Aug. 1, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Roblox Corporation ("Roblox" or the "Company") (NYSE: RBLX).   Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

The class action concerns whether Roblox and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

You have until August 9, 2024, to ask the Court to appoint you as Lead Plaintiff for the class if you are a shareholder who purchased or otherwise acquired Roblox securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.

More on Amzeal News

• Axiros' Founder Gunther Klessinger Takes on CTO Role to Lead Axiros into a New Era of Technology
• Macy Alex Photography Hosts Art Showcase and Fundraiser Benefiting Giving Grace
• Petcademy Builds on Training Success with Launch of Full-Service Post-Adoption Support
• Cysurance and ZirrusOne Announce Partnership to Address Communications Service Provider Cyber Risks
• ONI KAI NINJUTSU Opens Flagship Martial Arts Dojo in Pollock Pines, CA

[Click here for information about joining the class action]

On May 8, 2024, Roblox hosted its earnings call for the first quarter of 2024 and released its associated financial reports.  The Company announced that it was reducing its previously-announced bookings guidance to $4.0 billion for 2024.  It also announced bookings growth of only 19% for the first quarter of 2024.  Roblox attributed the results to its digital economy, new purchasable items, and platform expansion.

On this news, Roblox's stock price fell $10.12 per share, or 24.96%, over the following two trading sessions, to close at $30.42 per share on May 9, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

More on Amzeal News

• The Shot Heard Around the Business World – And the Heroes of American Business
• The Benefits of Software vs Hardware Encoding with Versatile Video Coding: A Comparative Analysis -- Benjamin Bross Fraunhofer, HHI
• Ateme Integrates Advanced HDR by Technicolor into Kyrion, Elevating Live Content Quality with Dynamic HDR
• CUMIC Listed Among Forbes China Go-International Top 30 Brand
• HoverGrease 2 Kicks Off their Steam Wishlist Page with a Surprise Reveal Trailer

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

---

Show All News | Report Violation