Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Iris Energy Limited due to allegations of misleading statements regarding the company's business prospects and operations, particularly related to its data centers and high-performance computing capabilities [3][4]. Group 1: Legal Investigation and Class Action - The law firm is encouraging investors who suffered losses exceeding $75,000 in Iris Energy between June 20, 2023, and July 11, 2024, to discuss their legal rights [1]. - A federal securities class action has been filed against Iris Energy, with a deadline of December 6, 2024, for investors to seek the role of lead plaintiff [1][5]. - The complaint alleges that Iris Energy and its executives violated federal securities laws by making false and misleading statements about the company's prospects and operations [3]. Group 2: Company Performance and Market Reaction - On July 11, 2024, Culper Research issued a report taking a short position in Iris Energy, claiming the company is misrepresenting its capabilities as a high-performance computing data center [4]. - Following the report, Iris Energy's stock fell by $1.70 per share, or 13.1%, closing at $11.20 per share on the same day [4]. Group 3: Company Background and Contact Information - Faruqi & Faruqi, LLP is a national securities law firm with a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [2]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Iris Energy's conduct [6].

Core Viewpoint - Iris Energy Limited is facing a class action lawsuit for allegedly making false statements regarding its business prospects and failing to disclose material deficiencies at its Texas site, leading to significant stock price declines [3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Williams-Israel v. Iris Energy Limited and covers purchasers of Iris Energy securities from June 20, 2023, to July 11, 2024, with a deadline of December 6, 2024, for lead plaintiff applications [1]. - The lawsuit alleges that Iris Energy and its executives violated the Securities Exchange Act of 1934 by overstating the company's prospects related to data centers and high-performance computing [3]. - Following a report from Culper Research on July 11, 2024, Iris Energy's stock price dropped by over 15% [4]. Group 2: Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who acquired Iris Energy securities during the class period to seek lead plaintiff status, representing the interests of the class [5]. - The lead plaintiff is typically the investor with the greatest financial interest and must be typical and adequate of the class [5]. Group 3: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in class action cases, significantly more than any other firm in recent years [6]. - The firm has been ranked 1 in securing monetary relief for investors in six out of the last ten years [6].

Core Points - The Gross Law Firm has issued a notice to shareholders of Iris Energy Limited (NASDAQ: IREN) regarding a class action lawsuit for shareholders who purchased shares during the class period from June 23, 2023, to July 11, 2024 [1] - The allegations state that the defendants made materially false and misleading statements about Iris Energy's business prospects, particularly related to data centers and high-performance computing, due to deficiencies at the Childress County, Texas site [1] - Shareholders are encouraged to register for the class action by December 6, 2024, to potentially be appointed as lead plaintiff and to receive updates on the case [2] Company and Industry Summary - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud in business practices [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [3]

Core Viewpoint - A class action securities lawsuit has been filed against Iris Energy Limited, alleging securities fraud that affected investors between June 23, 2023, and July 11, 2024 [1][2]. Group 1: Lawsuit Details - The complaint claims that defendants overstated Iris Energy's prospects related to data centers and high-performance computing due to material deficiencies at the Childress County, Texas site [2]. - It is alleged that the statements made by the defendants regarding the company's business, operations, and prospects were materially false and misleading [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until December 6, 2024, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Law Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Iris Energy Limited regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's business prospects and operations [1][2]. Group 1: Class Action Details - The class period for the lawsuit is from June 23, 2023, to July 11, 2024 [2]. - Allegations include that Iris Energy overstated its prospects related to data centers and high-performance computing, particularly due to deficiencies at its Childress County, Texas site [2]. - The lawsuit claims that the defendants' statements about the company's business and operations were materially false and misleading [2]. Group 2: Shareholder Participation - Shareholders are encouraged to register for the class action by December 6, 2024, to potentially be appointed as lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [3]. - Participation in the case incurs no cost or obligation for the shareholders [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].

Core Viewpoint - A securities class action lawsuit has been filed against Iris Energy Ltd. for allegedly making false or misleading statements regarding its business prospects during a specified class period [1][2]. Company Overview - Iris Energy Ltd. is based in Sydney, Australia, and positions itself as a leading next-generation data center business focused on Bitcoin, AI, and other technologies [2]. Lawsuit Details - The lawsuit pertains to purchasers of IRIS securities between June 20, 2023, and July 11, 2024, and claims that the company overstated its prospects related to data centers and high-performance computing due to deficiencies at its Childress County, Texas site [1][2]. - Investors who acquired IRIS securities during the class period can seek to be appointed as lead plaintiff representatives by December 6, 2024 [2].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Iris Energy Limited securities during the specified class period of the upcoming lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - The class period for the Iris Energy securities is from June 20, 2023, to July 11, 2024, and the lead plaintiff deadline is December 6, 2024 [1] - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties can join by contacting the law firm [3] Group 2: Allegations Against Iris Energy - The lawsuit alleges that defendants made materially false and misleading statements regarding Iris Energy's business prospects, particularly related to data centers and high-performance computing [3] - It is claimed that these misstatements were due to deficiencies at Iris Energy's Childress County, Texas site, leading to investor damages when the truth was revealed [3] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and being ranked No. 1 for securities class action settlements in 2017 [2][5] - The firm has recovered hundreds of millions of dollars for investors, with over $438 million secured in 2019 alone [2] - Many attorneys at the firm have received recognition from independent sources, enhancing the firm's credibility in representing investors [2][5]

Core Viewpoint - The article discusses a class action lawsuit against Iris Energy Limited, highlighting allegations of misleading statements regarding the company's high performance computing (HPC) capabilities and the impact of these claims on its stock price [1][2][3]. Group 1: Class Action Details - Investors have until December 6, 2024, to file a lead plaintiff motion in the class action for those who acquired Iris Energy securities between June 20, 2023, and July 11, 2024 [1][4]. - The lawsuit alleges that Iris Energy made materially false and misleading statements about its business and operations, particularly regarding its HPC plans and the adequacy of its facilities for such workloads [3]. Group 2: Allegations and Stock Impact - A report by Culper Research accused Iris Energy of overstating its HPC capabilities and described the company as a "cash guzzling machine," leading to a significant stock price drop of $1.70, or 13.2%, to close at $11.20 per share on July 11, 2024 [2]. - The complaint claims that the company's positive statements lacked a reasonable basis and failed to disclose material deficiencies in its operations, particularly at its Texas site [3].

Core Viewpoint - A class action lawsuit has been filed against Iris Energy Limited for alleged violations of securities laws, specifically related to misleading statements about the company's performance and prospects [1][2]. Group 1: Lawsuit Details - The lawsuit pertains to securities purchased between June 20, 2023, and July 11, 2024, during which the company allegedly made false and misleading statements regarding its data centers and high-performance computing capabilities [1][2]. - The complaint claims that Iris Energy overstated its prospects due to material deficiencies at its facility in Childress County, Texas, leading to misleading public statements throughout the class period [2]. Group 2: Investor Information - Investors who suffered losses during the class period are encouraged to contact the Schall Law Firm to discuss their rights and potential participation in the lawsuit [1][2]. - The class has not yet been certified, meaning that until certification occurs, investors are not represented by an attorney and can choose to remain absent from the class [2].

Core Viewpoint - The Iris Energy Limited class action lawsuit alleges that the company and its executives made misleading statements regarding its business prospects, particularly related to data centers and high-performance computing, leading to significant stock price declines [2]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Williams-Israel v. Iris Energy Limited and covers purchasers of Iris Energy securities from June 20, 2023, to July 11, 2024, with a deadline of December 6, 2024, for lead plaintiff applications [1]. - The lawsuit claims that Iris Energy overstated its prospects due to deficiencies at its Texas site, which were not disclosed to investors [2]. - Following a report from Culper Research on July 11, 2024, the stock price of Iris Energy fell by more than 15% [2]. Group 2: Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows investors who purchased Iris Energy securities during the class period to seek lead plaintiff status, representing the interests of the class [3]. - The lead plaintiff is typically the investor with the greatest financial interest and must be typical and adequate of the class [3]. - The lead plaintiff has the authority to select a law firm for the lawsuit, and participation as lead plaintiff does not affect the ability to share in any potential recovery [3]. Group 3: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud cases, having secured $6.6 billion for investors in class action cases [4]. - The firm has been ranked 1 in securing monetary relief for investors for six out of the last ten years [4]. - Robbins Geller has a significant history of obtaining large recoveries in securities class action lawsuits, including the largest recovery of $7.2 billion in the Enron case [4].