Ohio Seeks Lead Role in Roblox Suit Over $21.5 Million Pension Losses
Updated
Updated · cleveland.com · Aug 10
Ohio Seeks Lead Role in Roblox Suit Over $21.5 Million Pension Losses
3 articles · Updated · cleveland.com · Aug 10
Summary
A federal court filing on Friday asks to appoint Ohio’s OPERS and STRS as lead plaintiff and consolidate two shareholder suits against Roblox in Northern California.
Ohio Attorney General Andy Wilson alleges Roblox misled investors by portraying its child-focused platform as safe while not disclosing how tougher protections would hit growth and finances.
In April 2026, Roblox said mandatory age verification had slowed user growth, cut its annual revenue forecast by $1 billion, and left 51% of daily users unable to use chat features.
That disclosure triggered billions in investor losses, including a combined $21.5 million for the two Ohio pension funds, according to the filing.
The case also names executives David Baszucki, Naveen Chopra and Michael Guthrie, extending scrutiny from child-safety practices to securities disclosures.