Is the knife new? A new knife that has not been broken in yet can have a little bit of up and down play. A small amount of vertical play won't hurt anything. If something has not had time to smooth out then a little friction can keep the lock bar from sliding forward the last couple hundredths of an inch and cause a little wobble. As long as the lock bar is covering the tang the blade can't close so there really isn't anything to worry about. Flip the knife open and closed a couple hundred times (that should only take a couple dozen minutes with a new knife) and it should smooth out and any play go away.
Also, how much play are you talking about? I can feel play in almost ANY folder if I am trying hard enough. One persons play is another persons locked solid.