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 firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
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Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
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New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171