iRobot Gets Investor Suit Over Failed Amazon Deal Thrown Out

iRobot Corp. investors can’t proceed with securities fraud claims against the Roomba vacuum maker over statements about its proposed merger into Amazon.com Inc. before that deal faltered, a federal court ruled.

The investors didn’t show false statements or the necessary level of intent, Judge William G. Young said Monday for the US District Court for the District of Massachusetts. Young dismissed the would-be class action with finality.

Antitrust concerns by regulators in the US and the European Union led the companies to abandon the acquisition in January 2024, part of a trend affecting M&A deals last year.

iRobot didn’t disclose ...