According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that:
- iRobot overstated the extent to which the Restructuring Plan would help iRobot maintain stability after the termination of the Amazon Acquisition;
- as a result, it was unlikely that iRobot would be able to profitably operate as a standalone company;
- accordingly, there was substantial doubt about iRobot’s ability to continue as a going concern; and
- as a result, defendants’ public statements were materially false and misleading at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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