iRobot Corp., creator of the Roomba autonomous vacuum, and its board members were accused of selling the company to Amazon at a reduced share price to enrich themselves through their own Amazon stock.

The securities lawsuit was filed in Massachusetts Superior Court by Dean Drulias, a shareholder of iRobot’s common stock since 2016, against Amazon.com Inc., iRobot Corp. and iRobot executives Colin Angle, Karen M. Golz, Ruey-Bin Kao, Eva Manolis, Andrew Miller and Michelle V. Stacy.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]