Levi & Korsinsky Appointed Co-Lead Counsel in IRBT Case

Savant v. iRobot Corporation, et al., Case No. 1:25-cv-05563 (S.D.N.Y.) is a securities fraud class action pending before the United States District Court for the Southern District of New York. The complaint, filed in July 2025, alleges that iRobot Corporation and certain of its executives violated federal securities laws by making false and misleading statements about the company’s business, operations, and prospects. According to the allegations, iRobot overstated the extent to which its operational restructuring plan would stabilize the company following the termination of its planned acquisition by Amazon.com, Inc., leading to substantial doubt about its ability to continue as a going concern, inflating its stock price and causing losses to investors who purchased securities during the relevant period.

On October 3, 2025, the Honorable Gary Stein issued an Order appointing Rita Lazaro, Vinayak Savant, and Sergei Daniel as Co-Lead Plaintiffs in the case. The Court also approved the Co-Lead Plaintiffs’ selection of Pomerantz LLP and Levi & Korsinsky, LLP as Co-Lead Counsel.

A copy of the Court's Order can be found here.