A class action lawsuit has been filed against iRobot Corporation, alleging securities fraud that impacted investors between January 29, 2024, and March 11, 2025. The complaint claims that iRobot made false statements and concealed information regarding the effectiveness of its restructuring plan following the termination of the Amazon acquisition. It is alleged that the company overstated its ability to maintain stability and operate profitably as a standalone entity, casting doubt on its viability as a going concern. As a result, public statements made by the company during this period are said to have been materially false and misleading. The legal action seeks to recoup losses incurred by investors due to these alleged misrepresentations.
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