iRobot Securities Fraud Lawsuit: Investors Encouraged to Seek Lead Plaintiff Role

Faruqi & Faruqi, LLP is investigating potential claims against iRobot Corporation for allegedly making false and/or misleading statements about the company's financial performance and ability to continue as a going concern. The investigation focuses on the period between January 29, 2024, and March 11, 2025. Investors who suffered losses exceeding $50,000 are encouraged to contact Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) to discuss their legal rights. The deadline to seek the role of lead plaintiff is September 5, 2025.

Investors in iRobot Corporation (NASDAQ: IRBT) are being notified of a class action securities lawsuit filed against the company. The lawsuit alleges that iRobot made false and misleading statements about its financial performance and ability to continue as a going concern between January 29, 2024, and March 11, 2025 [1]. The complaint alleges that iRobot overstated the benefits of its restructuring plan and failed to disclose substantial doubts about its ability to operate profitably as a standalone company [2].

The lawsuit was filed by Faruqi & Faruqi, LLP, a leading national securities law firm, on behalf of investors who suffered losses exceeding $50,000 during the specified period. Investors are encouraged to contact Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) to discuss their legal rights [3].

The deadline to seek the role of lead plaintiff in the class action is September 5, 2025. The court-appointed lead plaintiff will oversee the litigation on behalf of the class. Any member of the class may move the court to serve as lead plaintiff through their chosen counsel or choose to remain an absent class member [3].

The lawsuit comes after iRobot reported a significant loss in its fourth quarter and full year 2024 financial results, with a loss of $2.06 per share on revenue of $172 million, representing a 44% year-over-year decline. iRobot also cautioned investors about substantial doubts regarding its ability to continue as a going concern [3].

Investors are advised to review the class action lawsuit details and consider their legal options. The lawsuit is ongoing, and further developments are expected.

References:
[1] https://www.marketscreener.com/news/levi-korsinsky-announces-the-filing-of-a-securities-class-action-on-behalf-of-irobot-corporation--ce7c5fd3d980f523
[2] https://www.morningstar.com/news/pr-newswire/20250731la41474/irobot-corporation-irbt-investors-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit
[3] https://www.prnewswire.com/news-releases/irbt-investors-have-the-opportunity-to-lead-the-irobot-securities-fraud-lawsuit-with-faruqi--faruqi-llp-302519945.html