1st Circ. Partially Revives iRobot, Amazon Merger Suit

June 8, 2026

The First Circuit has partially revived a shareholder proposed class action accusing iRobot Corp. of misleading investors about expected regulatory opposition that ultimately led to the abandonment of a proposed $1.7 billion merger with Amazon, finding that a modified 2023 proxy statement “omitted important contrary information about European approval.”