iRobot Class Action: Robbins LLP Warns of Lead Plaintiff Deadline in Lawsuit Against IRBT

iRobot Corporation is facing a class action lawsuit alleging that the company misled investors regarding the impact of the Amazon acquisition termination. Despite the termination, iRobot maintained it was confident in its ability to navigate the situation successfully. However, the company's disappointing Q4 and FY24 financial results and cancellation of the conference call led to a significant stock price drop. The lawsuit claims that iRobot overstated the effectiveness of its restructuring plan and failed to disclose substantial doubt about the company's ability to continue as a going concern.

iRobot Corporation (NASDAQ: IRBT) is the subject of a class action lawsuit alleging that the company misled investors regarding the impact of the Amazon acquisition termination. Despite the termination, iRobot maintained confidence in its ability to navigate the situation successfully. However, the company's recent financial performance, including a significant stock price drop following the cancellation of its Q4 and FY24 conference call, has raised concerns among investors [1].

The lawsuit, filed by Bronstein, Gewirtz & Grossman, LLC, and Holzer & Holzer, LLC, claims that iRobot overstated the effectiveness of its restructuring plan and failed to disclose substantial doubt about the company's ability to continue as a going concern. According to the complaint, iRobot made materially false and misleading statements during the period from January 29, 2024, to March 11, 2025, about its business, operations, and prospects [1][2].

Investors who purchased iRobot securities during this period are encouraged to join the class action lawsuit by visiting the respective law firms' websites or contacting them directly. The deadline to request appointment as lead plaintiff is September 5, 2025 [1][2].

Both law firms have a proven track record of representing investors in securities fraud class actions and shareholder derivative suits. Bronstein, Gewirtz & Grossman, LLC has recovered hundreds of millions of dollars for investors nationwide, while Holzer & Holzer, LLC is an ISS top-rated securities litigation law firm for 2021, 2022, and 2023 [1][2].

Investors should carefully review the complaint and consider their legal options. The lawsuit seeks to recover damages on behalf of investors who suffered losses due to iRobot's alleged misconduct.

References:

[1] https://www.prnewswire.com/news-releases/irbt-investor-alert-bronstein-gewirtz--grossman-llc-announces-that-irobot-corporation-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-302500809.html
[2] https://www.globenewswire.com/news-release/2025/07/08/3112058/0/en/INVESTOR-ALERT-Class-Action-Lawsuit-Filed-on-Behalf-of-iRobot-Corporation-IRBT-Investors-Holzer-Holzer-LLC-Encourages-Investors-With-Significant-Losses-to-Contact-the-Firm.html