NEW YORK, NY / ACCESSWIRE / April 5, 2024 /

iRobot Corporation (NASDAQ:IRBT)

Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) the merger between iRobot and Amazon would place Amazon in a sufficiently dominant position in the market for robot vacuum cleaners 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.