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iRobot shareholders sue for securities violations, class action lawsuit filed.
ByAinvest
Thursday, Aug 7, 2025 5:13 am ET1min read
iRobot Corporation is facing a class action lawsuit for violating securities laws. Investors who purchased the company's securities between January 29, 2024 and March 11, 2025, are encouraged to contact the Schall Law Firm before September 5, 2025. The lawsuit alleges violations of the Securities Exchange Act of 1934 and Rule 10b-5.
iRobot Corporation (NASDAQ: IRBT) is currently facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934 and Rule 10b-5. The lawsuit, filed by the Schall Law Firm, claims that iRobot made false and misleading statements to the market between January 29, 2024, and March 11, 2025 [1].The complaint alleges that after iRobot's merger agreement with Amazon was terminated, the company overstated the impact its restructuring plan would have on operations. The company was unlikely to maintain profitability as a standalone organization, according to the lawsuit. These false statements were materially misleading to investors, causing them to suffer damages when the truth about iRobot's financial health became apparent [2].
Investors who purchased iRobot's securities during the specified class period are encouraged to contact the Schall Law Firm before September 5, 2025, to discuss their rights and potential participation in the lawsuit. The class has not yet been certified, and investors are not represented by an attorney until certification occurs [1].
The Schall Law Firm specializes in securities class action lawsuits and shareholder rights litigation, and has represented investors around the world. The firm can be contacted through their website or by phone at 310-301-3335 [1][2].
References:
[1] https://www.prnewswire.com/news-releases/irbt-investors-have-opportunity-to-lead-irobot-corporation-securities-fraud-lawsuit-with-the-schall-law-firm-302524030.html
[2] https://www.marketscreener.com/news/irbt-investors-have-opportunity-to-lead-irobot-corporation-securities-fraud-lawsuit-with-the-schall-ce7c5edfd88bf02d
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