A Roblox shareholder is suing the company and nine current and former officers and directors in Clark County District Court, alleging they misled investors about the effects of mandatory age verification checks on platform growth. The complaint, filed Oct. 20 by shareholder Daniel Colbert, names co-founder and CEO David Baszucki and seeks a jury trial for breach of fiduciary duties, unjust enrichment and corporate waste.
According to the lawsuit, Roblox leaders stated during a third-quarter 2025 earnings call that enhanced age verification "would not have any meaningful effect on the Company's projected growth outlook." Chief Financial Officer Naveen Chopra said on the call, "We have more conviction than ever in the ability for Roblox to grow in excess of 20 percent. Our platform is healthier than ever." The suit also claims the company suggested age verification could help grow the user base aged 18 and older.
The complaint alleges those statements proved misleading after the January rollout of AI-based facial age estimation checks. During an April 30 first-quarter earnings call, the company revealed the new software would "significantly reduce its daily active users for the foreseeable future," according to the lawsuit. The suit contends Roblox concealed the negative effects on user engagement, organic acquisition and bookings growth from Oct. 31, 2024, onward.
The lawsuit further accuses Baszucki of profiting more than $750 million from "unusually timed" insider stock sales. Roblox, which reincorporated in Nevada from Delaware in May 2025, has faced ongoing legal scrutiny over child safety, including a Nevada lawsuit filed Oct. 14 involving a 9-year-old girl who allegedly received explicit photos from a predator on the platform.
Sources: Las Vegas Review-Journal
Original reporting: Las Vegas Review-Journal →
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