Roblox(US:RBLX) GlobeNewswire News Roomยท2024-07-21 12:18Core Viewpoint - The Rosen Law Firm is reminding investors who purchased Roblox Corporation securities between November 15, 2023, and May 8, 2024, of the upcoming lead plaintiff deadline on August 12, 2024, for a class action lawsuit due to misleading statements made by the company regarding its revenue outlook and bookings growth [6][9]. Group 1: Class Action Details - Investors who purchased Roblox securities during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [6]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by August 12, 2024 [7]. - The lawsuit alleges that Roblox made false and misleading statements about its revenue projections and the reliability of its technology, which ultimately misled investors [9]. Group 2: Rosen Law Firm's Credentials - The Rosen Law Firm specializes in securities class actions and has a strong track record, having achieved the largest securities class action settlement against a Chinese company [8]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [8]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing clients in securities litigation [8].