Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired iRobot Corporation (NASDAQ: IRBT) securities.
If you suffered a loss on your iRobot investment and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
THE LAWSUIT: Aug 05 2022 - Jan 26 2024
CASE DETAILS: The filed complaint alleges that iRobot Corporation made materially false and/or misleading statements and/or failed to disclose that: (i) the August 2022 merger of the Company and Amazon, would place Amazon in a sufficiently dominant position in the market for robot vacuum cleaners that U.S. and European antitrust regulators were unlikely to approve the merger; (ii) iRobot had conducted inadequate due diligence into the merger and/or ignored significant risks weighing against the likelihood of regulatory approval; (iii) as a result of all the foregoing, iRobot overstated the likelihood for successfully completing the merger; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.
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