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iRobot Corporation (IRBT) Lawsuit: Rosen Law Firm Urges Shareholders with Losses Over $100K to Contact Them for Information About Their Rights
ByAinvest
Friday, Aug 22, 2025 12:15 pm ET1min read
A shareholder has filed a class action lawsuit against iRobot Corporation (NASDAQ: IRBT) alleging the company misled investors about its business operations. The lawsuit claims iRobot overstated the benefits of its restructuring plan and failed to disclose doubts about its ability to continue as a going concern. Shareholders with losses in excess of $100K are encouraged to contact Rosen Law Firm for information about their rights.
Investors in iRobot Corporation (NASDAQ: IRBT) have an opportunity to participate in a class action lawsuit alleging securities fraud. The lawsuit, filed by the Law Offices of Frank R. Cruz and Bronstein, Gewirtz & Grossman, LLC, claims that iRobot misled investors about its business operations and prospects.The complaint alleges that between January 29, 2024, and March 11, 2025, iRobot overstated the benefits of its restructuring plan and failed to disclose substantial doubts about its ability to continue as a going concern. As a result, investors were misled about the company's financial health and prospects.
Investors who purchased iRobot securities during this period and suffered losses are encouraged to contact the law firms for more information. The lead plaintiff deadline is September 5, 2025. Participation in the class action does not require any immediate action, and investors can retain counsel of their choice or remain absent members of the class action.
The Law Offices of Frank R. Cruz and Bronstein, Gewirtz & Grossman, LLC are representing investors on a contingency fee basis, meaning they will only be reimbursed for out-of-pocket expenses and attorneys' fees if successful in recovering damages.
References:
[1] https://www.morningstar.com/news/pr-newswire/20250821la56749/irobot-corporation-irbt-investors-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit
[2] https://www.morningstar.com/news/globe-newswire/9511329/irbt-investor-alert-bronstein-gewirtz-grossman-llc-announces-that-irobot-corporation-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit
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