Thieler Law Corp advises investors with losses exceeding $100,000 of the December 23, 2019 lead plaintiff deadline in a class action lawsuit filed against iRobot Corporation (NASDAQ: IRBT) (“iRobot” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased iRobot Corporation securities between November 21, 2016 and October 22, 2019, have until December 23, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased iRobot Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that iRobot’s explosive growth was not based on increased demand, expanding margins, and product innovations, as it claimed, but rather based on channel stuffing; the Company attempted to conceal its actions by acquiring its distributors in Europe and Asia; these acquisitions were designed to clean up the company’s global inventory and mask falling demand; and as a result, iRobot’s public statements were materially false and misleading at all relevant times.

On October 22, 2019, the Company lowered the high-end of its full-year revenue guidance from $1.25 billion to $1.21 billion, due to its rollback of price increases after a “suboptimal” customer response. iRobot also reported increased inventory levels of $248 million or 149 DII, compared the prior year period of $161 million or 113 DII.

Following this news, the Company’s share price fell $4.97, or over 9%, to close at $49.06 per share on October 23, 2019, thereby injuring investors further.

If you were negatively impacted by your investment in iRobot Corporation securities between November 21, 2016 and October 22, 2019 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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