Ohio AG Seeks Lead Role in Roblox Investor Lawsuit Over Child-Safety Claims
Lawsuit alleges Roblox misled investors about protections for children, contributing to $21.5 million in losses for two Ohio pension systems
COLUMBUS, Ohio — Ohio Attorney General Andy Wilson is seeking to lead a securities class-action lawsuit accusing video game developer Roblox of misleading investors about child-safety protections on its popular digital platform.
The Ohio Attorney General’s Office filed a motion Friday on behalf of the Ohio Public Employees Retirement System and the State Teachers Retirement System of Ohio, asking a federal court to appoint the pension systems as lead plaintiffs in the case.
The motion does not decide the merits of the lawsuit. The allegations against Roblox and the named executives remain pending in court.
“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.”
According to the lawsuit, Roblox portrayed its platform to investors as a safe, family-friendly digital environment while allegedly failing to implement adequate protections against online predators and sexual content.
The complaint claims the alleged misrepresentations helped inflate the company’s value and exposed investors—including Ohio’s public employees and teachers—to substantial financial losses.
OPERS and STRS reportedly lost a combined $21.5 million on Roblox investments between October 2024 and April 2026.
Roblox, headquartered in San Mateo, California, operates an online platform where users can play games, communicate and create virtual experiences. The service is especially popular among children and teenagers.
The lawsuit alleges that Roblox’s safety shortcomings became more apparent following regulatory actions that prompted the company to introduce mandatory age verification and restrictions on communications between adults and minors.
According to the Attorney General’s Office, Roblox announced in April 2026 that the new safety measures had slowed user growth and contributed to the company lowering its annual revenue projection by $1 billion.
Those disclosures were followed by an 18% decline in Roblox stock, reportedly wiping approximately $6 billion from the company’s market value.
The lawsuit seeks to recover damages for investors who allegedly suffered financial losses because of the company’s statements and business practices.
Roblox executives David Baszucki, Naveen Chopra and Michael Guthrie are also named as defendants.
The case is pending in the U.S. District Court for the Northern District of California. A federal judge will determine who is appointed to represent investors as lead plaintiff.
