iRobot Corporation Class Action Lawsuit - IRBT

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.

In order to be eligible to join the IRBT class action lawsuit, you must have incurred a loss on shares of iRobot purchased during the class period listed above.

If you suffered a loss in iRobot during the relevant time frame or pursuant to the relevant offering(s), you have until May 7, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.