iRobot Defeats Rival in Lawsuit and Earns Big Military Contract

You may remember our posts on the sad plight of iRobot, who had accused their ex-employee, Jameel Ahed, of stealing their design, only to have the US Military award a whopping $280 million dollar contract to said ex-employee, and rejecting iRobot. Oh the injustice!

Weep no more, fellow shareholders and Roomba lovers, because justice has been served! Unfortunately, the price of that justice was a cool $2.9million dollars. But, nobody said good ol' Lex Rex came cheap.

In addition to the judges in both lawsuits rulling in favor of iRobot - one ruling that Robotic FX had infringed iRobot's patent, and the other ruling that, Robotic FX stole proprietary information - Robotic FX will now be dissolved and its assets given to iRobot as payment.



In response to the news, the US DoD awarded iRobot the $280 million dollar contract that was previously awarded to Robotic FX. While iRobot's stock price has a long way to go from the $24 high it was before all of these events transpired, the future is looking much brighter.