Ohio AG Sues Roblox Amid $21.5M Loss for Pensioners

The Ohio Attorney General has filed a lawsuit against Roblox following a stock plunge that resulted in losses of $21.5 million for pensioners. The move comes as multiple firms vie to lead a class-action lawsuit against the gaming platform.

Ohio Attorney General Andy Wilson is seeking lead-plaintiff status in a securities class-action lawsuit against RBLX, filed on behalf of two state pension funds, the Ohio Public Employees Retirement System and the State Teachers Retirement System of Ohio, which together lost $21.5 million on Roblox stock between October 2024 and April 2026.

The suit alleges Roblox misrepresented the safety of its platform for children while lacking basic protections against online predators. That claim sits at the center of a broader wave of litigation: the company already faces lawsuits from nearly a dozen states and has settled with five states for a combined roughly $54 million.

The financial losses cited in Ohio's filing followed Roblox's rollout of mandatory age verification, separate accounts for users under 16, and new limits on communication between adults and minors. Roblox has said the changes brought a sudden stop to user growth, contributing to an 18% drop in the stock and prompting the company to cut its own revenue projections by $1 billion.

Four law firms are currently competing for lead-plaintiff status in the underlying class action. How that contest resolves, and whether it consolidates with the other state-level suits, will shape the timeline and scope of Roblox's legal exposure going forward.

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