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In re iRobot Corporation Securities Litigaiton
Case Number:
1:19-cv-12536
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Andrews DeValerio
- Bernstein Litowitz
- Block & Leviton
- Hagens Berman
- Skadden Arps
- Thornton Law Firm LLP
Companies
Sectors & Industries:
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March 15, 2021
Roomba Maker IRobot Disposes Of Investor Suit
Bedford, Massachusetts-based iRobot Corp. ducked a stock-drop suit Friday when a judge ruled there wasn't sufficient evidence that the vacuum maker or its executives willfully misled investors after being forced to revise down financial expectations in 2019.
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September 17, 2020
IRobot Blames Stock Drop On Trump Uncertainty, Not Fraud
Roomba vacuum maker iRobot Corp. told a Massachusetts federal judge Thursday that President Donald Trump's unpredictable nature and the trade war he started with China are to blame for a 2018 stock price drop, arguing company executives were open about the uncertainty.
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May 20, 2020
IRobot Says Tariffs, Trade Uncertainty Caused Stock Drop
Roomba vacuum maker iRobot Corp. and its executives are seeking to shed a proposed securities class action they face in Massachusetts federal court, telling a judge Wednesday that the company's stock prices were impacted by tariffs and "unprecedented" uncertainty about trade tension between the U.S. and China.
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January 27, 2020
Labaton Leads IRobot Shareholders 'Channel-Stuffing' Suit
Labaton Sucharow LLP was appointed Friday to lead a proposed securities class action in Massachusetts federal court that alleges the maker of Roomba robot vacuums inflated its stock price by oversupplying its product to distributors.