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iRobot Corporation (IRBT) Class Action Lawsuit: Securities Fraud Allegations
ByAinvest
Wednesday, Sep 3, 2025 7:41 am ET1min read
A class action lawsuit has been filed against iRobot Corporation (IRBT) alleging securities fraud between January 29, 2024 and March 11, 2025. The complaint alleges 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 misstatements can contact Levi & Korsinsky for more information.
NEW YORK, Sept. 2, 2025 — iRobot Corporation (NASDAQ: IRBT) is facing a class action lawsuit alleging securities fraud between January 29, 2024 and March 11, 2025. The complaint, filed by investors, asserts that iRobot overstated the benefits of its restructuring plan and concealed doubts about its ability to continue as a going concern [1].The lawsuit, announced by Glancy Prongay & Murray LLP and later followed up by Levi & Korsinsky, LLP, claims that iRobot made false and misleading statements about its business and prospects. Specifically, it alleges that iRobot overstated the extent to which the restructuring plan would help maintain stability after the termination of the Amazon acquisition, and that it was unlikely to operate profitably as a standalone company [2].
Investors who purchased shares during the relevant time frame and experienced significant losses are encouraged to discuss their legal rights. The deadline for investors to request that the court appoint them as lead plaintiffs is September 5, 2025 [3].
Levi & Korsinsky, a prominent securities litigation firm, is handling the case. The firm has a track record of securing hundreds of millions of dollars for aggrieved shareholders and has been ranked among the top securities litigation firms in the United States for seven consecutive years [1].
References:
[1] https://www.morningstar.com/news/globe-newswire/9521995/contact-levi-korsinsky-by-september-5-2025-deadline-to-join-class-action-against-irobot-corporationirbt
[2] https://www.ainvest.com/news/irobot-shareholder-class-action-lawsuit-alleges-misstatements-false-accounting-2509/
[3] https://www.morningstar.com/news/pr-newswire/20250902ny61580/levi-korsinsky-reminds-shareholders-of-a-lead-plaintiff-deadline-of-september-5-2025-in-irobot-corporation-lawsuit-irbt
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