Shares of iRobot Corporation (Nasdaq: IRBT), maker of the Roomba autonomous vacuum cleaner, are crashing today after the company announced that it will seek Chapter 11 bankruptcy protection.

Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn't expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuri...

“Today’s announcement marks a pivotal milestone in securing iRobot’s long-term future,” iRobot Chief Executive Officer Gary Cohen said in a statement.