First Circuit revives investor suit against Roomba maker after Amazon buyout flop

The First Circuit revived a shareholder lawsuit against iRobot's former CEO Colin Angle and CFO Julie Zeiler, alleging they concealed warning signs before Amazon abandoned a $1.4 billion buyout. Amazon canceled the deal in January 2024 due to European Commission antitrust concerns, and the appellate panel focused on an August 2023 proxy statement that allegedly omitted critical regulatory information.