Lawyers at Goodwin Procter were representing iRobot, maker of the automated Roomba vacuum cleaners, as talks to be acquired by Amazon heated up in the summer of 2022.
In the following months, according to US authorities, a network of more than a dozen people — including three brothers and a hairdresser — began amassing iRobot stock and options. When a deal was announced that August, the group allegedly netted more than $1.7mn in profits; two members of the ring texted each other with champagne emojis.
US prosecutors and securities regulators now say they were working off intelligence that came from inside Goodwin Procter itself.
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