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iRobot Corporation (NASDAQ: IRBT)

Securities Class Action

  • Date:
  • 1/28/2020
  • Company Name:
  • iRobot Corporation
  • Stock Symbol:
  • IRBT
  • Status:
  • Investigating

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NEW YORK, January 28, 2020 – Bragar Eagel and Squire is investigating certain officers and directors of iRobot Corporation (NYSE: IRBT) following a class action complaint that was filed against iRobot on October 24, 2019.

The complaint alleges that throughout the class period defendants made false and/or misleading statements and/or failed to disclose that: (1) iRobot’s explosive growth was not based on increased demand, expanding margins, and product innovations, as it claimed, but rather based on channel stuffing; (2) the Company attempted to conceal its actions by acquiring its distributors in Europe and Asia; (3) these acquisitions were designed to clean up the Company’s global inventory and mask falling demand; and (4) as a result, iRobot’s public statements were materially false and misleading at all relevant times.

If you are a long term stockholder of iRobot securities, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at  investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The individual or institution below (“Plaintiff”) has reviewed and agrees to the Bragar Eagel & Squire, P.C. (“BESPC”) retainer agreement and authorizes BESPC to prosecute an action on Plaintiff’s behalf under the federal securities laws or applicable state laws to recover damages on behalf of investors in iRobot Corporation. BESPC will prosecute the action on a full contingency basis and will forward all costs and expenses.
 

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