iRobot Class Action Lawsuit Filed Against Top Officials.

A class action lawsuit has been filed against iRobot Corporation and certain officers, alleging violations of federal securities laws. The lawsuit seeks damages on behalf of investors who purchased iRobot securities between January 29, 2024, and March 11, 2025. The lawsuit alleges that the defendants misled investors about the company's financial performance. Investors who purchased iRobot securities during this period have until September 5, 2025, to request the court to appoint a lead plaintiff.

A class action lawsuit has been filed against iRobot Corporation and certain officers, alleging violations of federal securities laws. The lawsuit, which seeks damages on behalf of investors who purchased iRobot securities between January 29, 2024, and March 11, 2025, alleges that the defendants misled investors about the company's financial performance.

The lawsuit, filed by several law firms, including Faruqi & Faruqi, LLP, Levi & Korsinsky, LLP, and Glancy Prongay & Murray LLP, claims that iRobot overstated the extent to which its restructuring plan would help maintain stability after the termination of the Amazon Acquisition. As a result, the company was unlikely to operate profitably as a standalone entity, leading to substantial doubt about its ability to continue as a going concern. The defendants' public statements were alleged to be materially false and misleading [1].

The stock price of iRobot Corporation (NASDAQ: IRBT) fell sharply following the release of its fourth quarter and full year 2024 financial results on March 12, 2025. The company reported a loss of $2.06 per share on revenue of $172 million, representing a 44% year-over-year decline. The stock price fell $3.255 per share, or 51.58%, over the following two trading sessions, to close at $3.055 per share on March 13, 2025 [1].

Investors who purchased iRobot securities during the specified period have until September 5, 2025, to request the court to appoint a lead plaintiff. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not [1].

Investors are encouraged to contact the law firms involved in the lawsuit to discuss their legal rights and the possibility of recovering their losses. The law firms have provided contact information for potential investors to reach out to their representatives [1, 2, 3, 4].

References:
[1] https://www.globenewswire.com/news-release/2025/08/16/3134528/683/en/SHAREHOLDER-REMINDER-Faruqi-Faruqi-LLP-Investigates-Claims-on-Behalf-of-Investors-of-iRobot-Corporation.html
[2] https://www.marketscreener.com/news/irobot-corporation-sued-for-securities-law-violations-investors-should-contact-levi-korsinsky-be-ce7c51dedf8cf722
[3] https://www.prnewswire.com/news-releases/irobot-corporation-irbt-investors-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit-302531233.html
[4] https://www.globenewswire.com/news-release/2025/08/14/3133880/0/en/iRobot-Corporation-Investors-Please-contact-the-Portnoy-Law-Firm-to-recover-your-losses-September-5-2025-Deadline-to-file-Lead-Plaintiff-Motion.html