LOS ANGELES, CA / ACCESSWIRE / October 20, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Roblox Corporation ("Roblox" or "the Company") (NYSE:RBLX) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Roblox is the subject of a report published by Hindenburg Research on October 8, 2024. According to the report, the Company massively overstated its Daily Active Users by up to 42% and overstated its engagement hours as well. The report also alleges the Company exposed minors to predators, grooming, and unsafe interactions.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm