Grant & Eisenhofer Files Class Action Lawsuit Against Roblox Corporation, Extending Class Period of Previously Filed Action
Today, Grant & Eisenhofer P.A. filed a class action lawsuit on behalf of the Police and Fire Retirement System of the City of Detroit against Roblox Corporation (“Roblox” or the “Company”), Roblox’s CEO David Baszucki, Roblox’s CFO Naveen Chopra, and Roblox’s former CFO Michael Guthrie (collectively, the “Defendants”). The action alleges that Defendants defrauded investors by making materially false and/or misleading statements and failing to disclose material adverse facts regarding the lack of adequate safety infrastructure on Roblox’s platform and, later, that the implementation of enhanced age verification technology in response to governmental pressure would materially impair the Company’s financial results and growth.
The action, brought in the United States District Court for the Northern District of California, is captioned Police and Fire Retirement System of the City of Detroit v. Roblox Corp. et al., No. 3:26-cv-07160 (N.D. Cal.). It is related to the action captioned Mukherjee v. Roblox Corporation et al., No. 4:26-cv-05489 (N.D. Cal.). The action expands the class period asserted in the Mukherjee action so that it now includes all persons or entities who purchased or acquired Roblox common stock from October 31, 2024, through April 30, 2026, inclusive (the “Class Period”).
