COLUMBUS, Ohio (AVC News) — Ohio Attorney General Andy Wilson is seeking to lead a securities class-action lawsuit accusing Roblox of misleading investors about child-safety protections on its online gaming platform.
The Attorney General’s Office filed a motion Friday to serve as lead plaintiff on behalf of the Ohio Public Employees Retirement System and the State Teachers Retirement System of Ohio.
The lawsuit alleges Roblox portrayed its platform as safe for children while failing to provide adequate protections against online predators.
According to the lawsuit, the alleged conduct resulted in a combined $21.5 million in losses for OPERS and STRS between October 2024 and April 2026.
The lawsuit also alleges Roblox’s safety practices came under scrutiny following regulatory actions that led the company to implement mandatory age verification and limits on communication between adults and minors.
In April, Roblox said the new safety measures contributed to a decline in user growth and lowered its annual revenue projection by $1 billion. The announcement was followed by an 18% drop in the company’s stock price, according to the Attorney General’s Office.
The lawsuit seeks damages for investors and is pending in the U.S. District Court for the Northern District of California.
Roblox executives David Baszucki, Naveen Chopra and Michael Guthrie are also named as defendants.
The allegations in the lawsuit have not been proven in court.
Last Updated on August 10, 2026 by AVC News
