Rosen law firm reminds irobot corporation investors of important deadline in securities class action

Rosen law firm reminded purchasers of the securities of irobot corporation between november 21, 2016 and october 22, 2019 (the “class period”) of the important december 23, 2019 lead plaintiff deadline in the securities class action. the lawsuit seeks to recover damages for irobot investors under the federal securities laws. according to the lawsuit, defendants throughout the class period made false and/or misleading statements and/or 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. when the true details entered the market, the lawsuit claims that investors suffered damages.
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