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The Gross Law Firm Notifies Shareholders of iRobot Corporation (IRBT) of a Class Action Lawsuit and an Upcoming Deadline
iRobotiRobot(US:IRBT) GlobeNewswire News Roomยท2025-08-13 20:37

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of iRobot Corporation regarding a class action lawsuit due to alleged misleading statements made by the company during a specified class period [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from January 29, 2024, to March 11, 2025 [3]. - The allegations include that iRobot overstated the effectiveness of its restructuring plan post-termination of the Amazon acquisition, leading to doubts about its ability to operate profitably as a standalone company [3]. Company Viability Concerns - There are claims that iRobot's public statements were materially false and misleading, raising substantial doubts about the company's ability to continue as a going concern [3]. Shareholder Actions - Shareholders are encouraged to register for the class action by September 5, 2025, to potentially be appointed as lead plaintiffs [4]. - Registration allows shareholders to receive updates on the case through a portfolio monitoring software [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements that inflated the company's stock [5].