5 frequently asked questions about the ROBLOX CLASS ACTION LAWSUIT

If you suffered losses in Roblox stock, contact Roblox stock loss lawyer Timothy L. Miles about a Roblox class action lawsuit

INTRODUCTION TO THE ROBLOX CLASS ACTION LAWSUIT

​The Roblox class action lawsuit seeks to represent purchasers or acquirers of Roblox Corporation (NYSE: RBLX) Class A common stock between March 10, 2021 and February 15, 2022, inclusive (the “Class Period”).  Captioned DeKalb County Pension Fund v. Roblox Corporation, No. 23-cv-10347 (S.D.N.Y.), the Roblox class action lawsuit charges Roblox and certain of its top executive officers with violations of the Securities Exchange Act of 1934.
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If you suffered losses in Roblox stock and wish to serve as lead plaintiff in the Roblox class action lawsuit, please contact Roblox Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the Roblox class action lawsuit must be filed with the court no later than January 26, 2024.

​Read on for answers to five frequently asked questions investors have about the Roblox class action lawsuit.

WHAT ARE MY CHOICES IF I RECEIVE A NOTICE IN THE ROBLOX CLASS ACTION LAWSUIT?

​​First, read the notice very carefully.  You have two choices.  First, you can do nothing and remain a member of the class represented by lead counsel.  Second, if you believe you have a large enough loss to justify it, you can opt out of the Roblox class action lawsuit and file your own separate lawsuit. Note, that if you opt out, you will not be able to participate in any settlement or recovery obtained in the Roblox class action lawsuit. 

WHAT IS THE LEAD PLAINTIFF PROCESS IN THE ROBLOX CLASS ACTION LAWSUIT?

The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in Roblox stock to seek appointment as lead plaintiff in the Roblox class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. ​

​A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit.  An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered losses in Roblox​​ stock and have further questions, contact Roblox class action lawsuit Timothy L. Miles today who will fight to recover your damages in a Roblox class action lawsuit if you suffered losses in Roblox stock.

CAN A NON-U.S. INVESTOR SERVE AS LEAD PLAINTIFF IN THE ROBLOX CLASS ACTION LAWSUIT?

Yes, courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors.  Thus, if a non-U.S. investor suffered losses in Roblox​ stock, they may move the Court to be appointed lead plaintiff in the Roblox class action lawsuit. 

WHAT ARE THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE ROBLOX CLASS ACTION LAWSUIT?

Serving as a Lead Plaintiff in the Roblox class action lawsuit has several advantages and important benefits including:

• A Lead Plaintiff is able to negotiate more competitive attorney fees and reduce other litigation costs by actively monitoring the class counsel.
• Lead Plaintiff has the benefit of being able to manage the litigation primarily by overseeing and monitoring the progress of the action and the efforts of counsel, and being able to review and comment on important filings and other documents pertaining to the prosecution of the action.
• There is no financial risk in serving as a Lead Plaintiff because Lead Counsel advances all costs and expenses incurred in the prosecution of the case and will be reimbursed only if there is a successful settlement or judgment recovery on behalf of the class.
• Lead Plaintiff has the benefit of being involved and active in all negotiations relating to any settlement.
• Lead Plaintiffs that continue owning the stock of the defendant will enjoy the long-term benefits from governance reform resulting from the litigation. 

Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a class action against Roblox​​ if you suffered significant losses in Roblox​​ stock. 

WHAT RESPONSIBILITIES WILL THE LEAD PLAINTIFF HAVE IN THE ROBLOX CLASS ACTION LAWSUIT?

​​A Lead Plaintiff owes a fiduciary duty to the class, and therefore, must act in the best interest of the class in the Roblox class action lawsuit.  Some of the responsibilities of the Lead Plaintiff in the Roblox class action lawsuit include:

• Selecting, monitoring, and overseeing Lead Counsel.
• Reviewing and commenting on court filings on behalf of the class.
• Discussing litigation strategies with the Lead Counsel.
• Attending depositions (if necessary) and giving a deposition.
• Attending hearings (if necessary).
• Participating in mediation and the trial (if necessary).
• Provide input on any decision concerning the settlement of the securities class action.

CONTACT A ROBLOX STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN ROBLOX STOCK ABOUT A ROBLOX CLASS ACTION LAWSUIT

If you suffered losses in Roblox stock, contact Roblox stock loss lawyer Timothy L. Miles today for a free case evaluation about a Roblox class action lawsuit. Call today and see what a Roblox class action lawsuit could do for you if you suffered losses in Roblox ​stock.

Roblox stock loss lawyer Timothy L. Miles

Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,​Class Action:  Class Action: Top 9National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM  (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022).  Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more.  Please visit our website or call for free anytime.

CONTACT                                                      
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
​300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529