Rosen Law Firm Urges iRobot Corporation (NASDAQ: IRBT) Stockholders with Large Losses to Contact the Firm for Information About Their Rights
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12:05 PM on Tuesday, July 8
The Associated Press
NEW YORK--(BUSINESS WIRE)--Jul 8, 2025--
Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action lawsuit on behalf of purchasers and acquirers of iRobot Corporation (NASDAQ: IRBT) securities between January 29, 2024 and March 11, 2025, both dates inclusive (the “Class Period”). iRobot designs, builds, and sells robots and home innovation products.
For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653.
The Allegations: Rosen Law Firm is Investigating the Allegations that iRobot Corporation (NASDAQ: IRBT) Misled Investors Regarding its Business Operations.
According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) iRobot overstated the extent to which the Restructuring Plan would help iRobot maintain stability after the termination of the Amazon Acquisition; (2) as a result, it was unlikely that iRobot would be able to profitably operate as a standalone company; (3) accordingly, there was substantial doubt about iRobot’s ability to continue as a going concern; and (4) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
What Now: You may be eligible to participate in the class action against iRobot Corporation. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by September 5, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20250708761617/en/
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
www.rosenlegal.com
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL
SOURCE: Rosen Law Firm
Copyright Business Wire 2025.
PUB: 07/08/2025 01:05 PM/DISC: 07/08/2025 01:05 PM
http://www.businesswire.com/news/home/20250708761617/en
