iRobot(US:IRBT) Prnewswireยท2025-08-11 12:45Core Viewpoint - iRobot Corporation is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its restructuring plan and ability to operate as a standalone company after the termination of its acquisition by Amazon [1][2]. Group 1: Allegations and Class Period - The class period for the lawsuit is defined as January 29, 2024, to March 11, 2025 [1]. - Allegations include that iRobot overstated the effectiveness of its restructuring plan, leading to doubts about its ability to operate profitably as an independent entity [1]. - The lawsuit claims that there was substantial doubt about iRobot's ability to continue as a going concern, making the defendants' public statements materially false and misleading [1]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by September 5, 2025 [2]. - Upon registration, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case [2]. - Participation in the case incurs no cost or obligation for the shareholders [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].