“Roblox lied to investors and failed to protect children from online predators,” Ohio AG Wilson said in a press release. “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.”
Ohio Attorney General Andy Wilson is seeking lead-plaintiff status in a class-action lawsuit that accuses Roblox of misleading investors about the quality of its child-safety features.
“Roblox lied to investors and failed to protect children from online predators,” Wilson said in a press release. “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.”
To that end, Wilson’s office earlier this week announced that it had filed a motion to lead the lawsuit, which was originally filed on behalf of the Ohio Public Employees Retirement System and the State Teachers Retirement System of Ohio.
The lawsuit broadly accuses San Mateo, California-based Roblox of falsely portraying its platform as a “safe space for children” while “failing to implement basic protections against online predators.” This alleged deception has led to multiple claims being filed against Roblox, representing “billions in losses for investors.” Wilson’s office notes that his estimate includes a “combined $21.5 million for OPERS and STRS from October 2024 through April 2026.”
Roblox, for instance, allegedly “made materially false and misleading statements and omitted to disclose material information concerning Roblox’s user growth, safety initiatives, and financial outlook.” In court documents, Wilson said that Roblox recently implemented “enhanced safety measures, including its global age verification rollout,” yet failed to inform investors that “the age verification rollout would significantly reduce user engagement, communication, app store ratings, and organic growth, forcing Roblox to substantially reduce its financial guidance, and that Roblox’s historical growth had been fueled by inadequate safety controls that exposed child users to harmful content and interactions.”
The lawsuits suggest that Roblox repeatedly misrepresented itself to investors, despite third-party investigators finding ample evidence of security-related deficiencies.
“The truth further merged on January 30, 2026, when Roblox disclosed that it was under investigation by the European Union after a Dutch regulator opened a probe into whether the company had adequately protected minors on its platform,” the lawsuit says. “On this news, Roblox’s stock price dropped another 13%, from $75.73 per share to $65.76 per share, erasing approximately $6 billion in market value.”
“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 attorney general’s office said. “The lawsuit asserts that the company’s lack of safety features left children vulnerable[.]”
Sources
Ohio AG Seeks to Lead Class-Action Lawsuit Against Roblox
Ohio AG Wilson sues Roblox, alleges $21 million in pension losses
Ohio suing Roblox: State claims video game misled investors about safety protections
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