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iRobot Corporation (IRBT) Faces Class Action Lawsuit Alleging Securities Fraud
ByAinvest
Friday, Sep 5, 2025 7:46 am ET1min read
A class action lawsuit was filed against iRobot Corporation (NASDAQ:IRBT) alleging securities fraud between January 29, 2024 and March 11, 2025. The lawsuit claims that the company overstated its restructuring plan and concealed doubts about its ability to continue as a going concern. If you lost money as a result of these alleged actions, you may be eligible for compensation. 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, represented by various law firms including The Schall Law Firm [1], The Gross Law Firm [2], The Law Offices of Frank R. Cruz [3], and Levi & Korsinsky, LLP [4], claims that the company overstated its restructuring plan and concealed doubts about its ability to continue as a going concern.The lawsuit alleges that iRobot made false and misleading statements to the market during this period. Specifically, it is claimed that the company overstated the extent to which its restructuring plan would help maintain stability after the termination of the Amazon acquisition. As a result, it was unlikely that iRobot would be able to profitably operate as a standalone company, leading to substantial doubt about its ability to continue as a going concern. These statements were alleged to be materially misleading and lacked a reasonable basis [1][2][3][4].
Investors who purchased iRobot's securities during the class period are encouraged to contact the law firms involved to discuss their rights. The deadline for potential lead plaintiffs to register is September 5, 2025 [1][2][3][4]. If you lost money as a result of these alleged actions, you may be eligible for compensation.
References:
[1] https://www.prnewswire.com/news-releases/irbt-investors-have-opportunity-to-lead-irobot-corporation-securities-fraud-lawsuit-with-the-schall-law-firm-302543380.html
[2] https://www.marketscreener.com/news/irobot-corporation-securities-fraud-class-action-lawsuit-pending-contact-the-gross-law-firm-before-ce7d59d8db8df72c
[3] https://www.prnewswire.com/news-releases/irobot-corporation-irbt-investors-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit-302546234.html
[4] https://natlawreview.com/press-releases/contact-levi-korsinsky-september-5-2025-deadline-join-class-action-against-1
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