iRobot Corporation (IRBT) Class Action Lawsuit Filed Over Alleged Securities Fraud

A class action lawsuit has been filed against iRobot Corporation (NASDAQ:IRBT) alleging securities fraud between January 29, 2024, and March 11, 2025. The lawsuit claims that iRobot overstated the benefits of its restructuring plan and concealed doubts about its ability to continue as a going concern. Investors who lost money due to these alleged actions can contact Levi & Korsinsky for more information.

A class action lawsuit has been filed against iRobot Corporation (NASDAQ: IRBT) alleging securities fraud between January 29, 2024, and March 11, 2025. The lawsuit, led by the Schall Law Firm and Rosen Law Firm, claims that iRobot overstated the benefits of its restructuring plan and concealed doubts about its ability to continue as a going concern. Investors who lost money due to these alleged actions are encouraged to contact the law firms for more information.

According to the complaint, iRobot made false and misleading statements to the market after its merger agreement with Amazon was terminated. The company overstated the impact its restructuring plan would have on operations and was unlikely to maintain profitability as a standalone organization. These statements were found to be materially misleading, leading to investor losses when the truth emerged.

Investors who purchased iRobot securities during the specified class period are urged to take action. The Schall Law Firm and Rosen Law Firm have set September 5, 2025, as the deadline for lead plaintiffs to join the case. Those who suffered losses in excess of $100,000 are particularly encouraged to participate [3].

Both firms specialize in securities class action lawsuits and shareholder rights litigation, representing investors globally. The Rosen Law Firm, in particular, has a notable track record of success, including the largest ever securities class action settlement against a Chinese company at the time and being ranked No. 1 by ISS Securities Class Action Services for number of settlements in 2017 [3].

Investors are advised to carefully review the details of the case and consider their options before the deadline. Until the class is certified, investors are not represented by counsel unless they retain one. They may remain absent class members and do nothing at this point.

For more information, interested investors can visit the Schall Law Firm's website at www.schallfirm.com or contact Brian Schall at 310-301-3335. The Rosen Law Firm can be reached at 866-767-3653 or via email at case@rosenlegal.com.

References:
[1] https://www.prnewswire.com/news-releases/irbt-investors-have-opportunity-to-lead-irobot-corporation-securities-fraud-lawsuit-with-the-schall-law-firm-302537357.html
[2] https://www.morningstar.com/news/pr-newswire/20250825la57878/irbt-investors-have-opportunity-to-lead-irobot-corporation-securities-fraud-lawsuit-with-the-schall-law-firm
[3] https://www.morningstar.com/news/pr-newswire/20250822dc57348/irbt-deadline-irbt-investors-with-losses-in-excess-of-100k-have-opportunity-to-lead-irobot-corporation-securities-fraud-lawsuit