Lawsuit for Investors in iRobot Corporation (NASDAQ: IRBT) shares announced by Shareholders Foundation

World News: . []

SAN DIEGO, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in NASDAQ: IRBT shares.

Investors, who purchased shares of iRobot Corporation (NASDAQ: IRBT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that iRobot reported explosive, double-digit revenue growth, which it attributed to increasing demand for its Roomba products, expanded gross margin due to distributor acquisitions, greater brand awareness and technological innovation, while in reality, iRobot was engaging in channel-stuffing in order to inflate its sales and revenues figures, and had acquired two of its largest distributors in order to facilitate and conceal this deceptive practice. 

Those who purchased iRobot Corporation (NASDAQ: IRBT) shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.  Michael Daniels  +1 (858) 779-1554    3111 Camino Del Rio North  Suite 423  San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

More news and information about Shareholders Foundation, Inc.

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Globe Newswire: 12:00 GMT Tuesday 14th January 2020

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