A shareholder is suing Roblox, alleging company leaders misled investors about the potential negative effects of age verification checks on platform growth.

The lawsuit names nine current and former officers and directors of Roblox Corp., including co-founder and CEO David Baszucki. It alleges the company misled shareholders about the potential impact of age verification requirements on user growth and traffic.

According to the complaint, the implementation of age verification checks in January “significantly” reduced daily active users, despite executives and directors previously claiming the checks would not affect the platform’s long-term growth and traffic.

Additionally, it claims Baszucki engaged in insider sales, profiting more than $750 million from “unusually timed” sales of his shares in the company.

The lawsuit was filed Oct. 20 in Clark County District Court by Daniel Colbert, a Roblox shareholder since 2023, including a demand for a jury trial.…