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In Re IRobot Corporation Derivative Litigation
Case Number:
1:20-cv-10034
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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March 25, 2020
Gainey McKenna & Rosen Will Lead Derivative IRobot Suit
Attorneys from Gainey McKenna & Egleston and the Rosen Law Firm PA, with an assist from the Law Office of Michael P. Utke LLC, will represent investors in iRobot, the maker of Roomba vacuums, in a derivative action accusing executives of artificially inflating the company's revenue growth using a "channel-stuffing" scheme that caused the company's stock to plummet.
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January 09, 2020
Investor Says IRobot Engaged In Sales Stuffing Scheme
IRobot, the maker of Roomba vacuums, and its executives artificially inflated the company's revenue growth using a "channel-stuffing" scheme that caused the company's stock to plummet three separate times when the truth came out, according to an investor class action filed Thursday in Massachusetts federal court.