An investigation for investors in NASDAQ:IRBTshares over potential securities laws violations by iRobot Corporation was announced and NASDAQ:IRBT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/11/2017 -- An investigation on behalf of investors of iRobot Corporation (NASDAQ:IRBT) shares over potential securities laws violations by iRobot in connection with certain financial statements was announced.
Investors who purchased shares of iRobot Corporation (NASDAQ:IRBT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements by iRobot regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On June 27, 2017, a report was released suggesting that iRobot's recent outperformance "reflects restocking of its supply chain after years of false starts, the removal of the struggling military business, and the acquisition boost from its Japanese distributor. We believe these factors will create very difficult comparisons for iRobot to lap in the future…" The report also alleges that investors are "overlooking disruptive competition likely to enter iRobot's US market." Shares of iRobot Corporation (NASDAQ:IRBT) declined to $79.40 per share on July 6, 2017.
On July 10, 2017, NASDAQ:IRBT shares closed at $84.47 per share.
Those who purchased shares of iRobot Corporation have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com