iRobot(US:IRBT) Prnewswire·2025-08-04 12:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of iRobot Corporation regarding a class action lawsuit alleging that the company made materially false and misleading statements during a specified class period [1][2]. Summary by Sections Allegations - The complaint claims that iRobot overstated the effectiveness of its restructuring plan following the termination of the Amazon acquisition [1]. - It is alleged that iRobot is unlikely to operate profitably as a standalone company, raising doubts about its ability to continue as a going concern [1]. - The public statements made by the defendants are described as materially false and misleading throughout the relevant time frame [1]. Class Action Details - The class period for the lawsuit is defined as January 29, 2024, to March 11, 2025 [1]. - Shareholders are encouraged to register for the class action by September 5, 2025, to potentially be appointed as lead plaintiffs [2]. - Registration allows shareholders to receive updates on the case through portfolio monitoring software [2]. Law Firm Background - The Gross Law Firm is recognized nationally for its class action lawsuits and aims to protect investors from deceit and illegal business practices [3]. - The firm emphasizes the importance of responsible business practices and seeks recovery for investors affected by misleading statements that inflated stock prices [3].