iRobot Investor Revives Some Amazon Deal Claims on Appeal (1)

iRobot Corp. will return to district court to fight some claims in a proposed shareholder class allegations tied to Amazon.com Inc.'s abandoned acquisition of the robot vacuum maker.

While the lower court correctly dismissed certain claims that iRobot misled shareholders about the failed deal, it will have to reconsider claims tied specifically to an August 2023 modified proxy statement in which the company said it expected to obtain the necessary regulatory approvals, the US Court of Appeals for the First Circuit said Friday.

“The amended complaint plausibly alleges that an opinion expressed in iRobot’s modified proxy statement—namely, that the company ...