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.”
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