ATLANTA, GA – – (Globe Newswire – April 17, 2024) – – A shareholder class action lawsuit has been filed against iRobot Corporation (“iRobot” or the “Company”) (NASDAQ: IRBT). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company’s business, operations, and prospects, including allegations that: (i) the Company’s merger with Amazon (“Merger”) would place Amazon in a sufficiently dominant position in the market for robot vacuum cleaners (“RVCs”) that U.S. and European antitrust regulators were unlikely to approve the Merger; (ii) iRobot had conducted inadequate due diligence into the Merger and/or ignored significant risks weighing against the likelihood of regulatory approval; and (iii) as a result of all the foregoing, iRobot overstated the likelihood for successfully completing the Merger.

If you bought iRobot shares August 5, 2022 and January 26, 2024, and suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888)-508-6832 or, you may visit the firm’s website at www.holzerlaw.com/case/irobot/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is May 7, 2024.