The office of Ohio Attorney General Andy Wilson is seeking lead-plaintiff status in a securities class-action lawsuit accusing video game developer Roblox of misleading investors about child-safety protections on its digital platform.
“Roblox lied to investors and failed to protect children from online predators,” Wilson said. “We’re taking action to recover millions in lost pension funds and to make it clear that tech companies must be held accountable when they put kids in harm’s way.”
The Attorney General’s Office on Friday filed a motion to lead the case on behalf of the Ohio Public Employees Retirement System and the State Teachers Retirement System of Ohio.
The lawsuit alleges that Roblox, headquartered in San Mateo, California, falsely portrayed its platform as a safe space for children while failing to implement basic protections against online predators.
The alleged deception fueled billions in losses for investors, including a combined $21.5 million for OPERS and STRS from October 2024 through April 2026.
While marketing itself as a safe, family-friendly platform for kids, Roblox allegedly operated an unregulated digital environment where child predators and sexual content flourished.
The lawsuit asserts that the company’s lack of safety features left children vulnerable to rampant exploitation.
The reality was revealed after a series of regulatory actions forced Roblox to implement mandatory age verification and communication limits between adults and minors.
In April 2026, Roblox announced that these safety measures caused user growth to plummet and lowered its annual revenue projection by $1 billion.
The disclosures triggered a stock drop of 18%, wiping out $6 billion in market value.
The lawsuit, pending before the U.S. District Court for the Northern District of California, seeks damages for the financial losses caused by the company’s wrongdoing.
Roblox executives David Baszucki, Naveen Chopra and Michael Guthrie are also named as defendants.
