iRobot Asks Appeals Court to End Investor Suit Over Amazon Deal

iRobot Corp. rightfully defeated a proposed investor class action over its abandoned Amazon.com Inc. merger because the allegations weren’t specific, the robot vacuum maker told an appeals court.

The district court correctly ruled that vague news articles and sparse confidential witness accounts couldn’t support claims the company misrepresented the deal’s prospects and regulatory cooperation, said the appellees’ brief filed in the US Court of Appeals for the First Circuit Monday.

And Boston federal Judge William G. Young correctly said the more compelling inference was that iRobot and former executives were providing consistent updates about the acquisition that ended up faltering ...