NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of iRobot Corporation (NASDAQ:IRBT) concerning possible violations of federal securities laws.
On June 27, 2017, Spruce Point issued a report 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…” Spruce Point also alleges that investors are “overlooking disruptive competition likely to enter iRobot’s US market.” Shares of iRobot fell from a close of $100.98 on June 26, 2017 to $90.65 per share on June 27, 2017. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
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New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
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