IRBT INVESTOR DEADLINE

Robbins Geller Rudman & Dowd LLP Announces that iRobot Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of iRobot Corporation (NASDAQ: IRBT) securities between August 5, 2022 and January 26, 2024, both dates inclusive (the “Class Period”), have until May 7, 2024 to seek appointment as lead plaintiff of the iRobot class action lawsuit. Captioned Das v. iRobot Corporation, No. 24-cv-02138 (D.N.J.), the iRobot class action lawsuit charges iRobot as well as certain of iRobot’s top current and former executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the iRobot class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-irobot-corporation-class-action-lawsuit- ...

You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [e-mail]. Lead plaintiff motions for the iRobot class action lawsuit must be filed with the court no later than May 7, 2024.

CASE ALLEGATIONS: iRobot designs, builds, and sells robots and home innovation products. The complaint alleges that in August 2022, iRobot and Amazon.com, Inc., which sells iRobot’s robot vacuum cleaners (“RVCs”) on its online marketplace, announced their entry into a definitive merger agreement, pursuant to which Amazon would “acquire iRobot for $61 per share in an all-cash transaction valued at approximately $1.7 billion, including iRobot’s net debt.”

The iRobot class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) the merger would place Amazon in a sufficiently dominant position in the market for 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 the above, iRobot overstated the likelihood for successfully completing the merger.

The iRobot class action lawsuit further alleges that on June 22, 2023, news outlets reported that Europe’s antitrust regulator, the European Commission (“EC”), was planning to launch a full-scale investigation into the merger. On this news, the price of iRobot stock fell more than 8%, according to the complaint.

Then, on November 27, 2023, the EC announced that it “has informed Amazon of its preliminary view that its proposed acquisition of iRobot may restrict competition in the market for [RVCs],” the complaint further alleges. On this news, the price of iRobot stock fell, according to the complaint.