Roomba Maker iRobot Files for Bankruptcy, With Chinese Supplier Taking Control

Founded in 1990 by three M.I.T. researchers, iRobot introduced its vacuum in 2002. Its restructuring will turn the company ...

Roomba maker files for bankruptcy, weighed down by debt and tariffs

Robot, the U.S. firm that had robots vacuuming homes, will be taken over by its China-based supplier. It's assuring owners ...
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Luminar Technologies, Inc. Initiates Voluntary Chapter 11 Proceedings to Facilitate Value-Maximizing Sale Process

Luminar Technologies, Inc. (the "Company" or "Luminar"), a leading global technology company, today announced that it has initiated voluntary chapter 11 cases in the U.S. Bankruptcy Court for the ...

iRobot files for bankruptcy protection; will be private under restructuring

Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to ...

Exploring the underlying causes of corporate bankruptcies in the U.S.

Corporate bankruptcies in the U.S. are on pace to reach a 15-year high this year. NPR's Rob Schmitz explores the underlying ...
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Bankruptcy filings & consumer financial stress keep intensifying in November

Data and perspectives from Epiq AACER, the American Bankruptcy Institute (ABI) and LegalShield highlighted climbing filings ...