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].

LOS ANGELES, Oct. 25, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Iris Energy Limited ("Iris" or "the Company") (NASDAQ: IREN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between June 20, 2023 and July 11, 2024, inclusive (the "Class Period"), are e ...

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].

NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Iris Energy Limited (NASDAQ: IREN) between June 20, 2023 and July 11, 2024, both dates inclusive (the “Class Period”), of the important December 6, 2024 lead plaintiff deadline. SO WHAT: If you purchased Iris Energy securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrange ...

NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Iris Energy Limited (NASDAQ: IREN). Shareholders who purchased shares of IREN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/iris-energy-loss-submission-form/?id=109170&from=3 CLASS PERIOD: June 23, 2023 ...

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 [2][3]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi, LLP 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 [2]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [2]. Group 2: Allegations Against Iris Energy - The complaint alleges that Iris Energy and its executives violated federal securities laws by making false and misleading statements about the company's prospects, particularly due to deficiencies at its Childress County, Texas site [3]. - The report from Culper Research indicated that Iris Energy is misrepresenting itself as a high-performance computing data center, while it is primarily a bitcoin miner [4]. - Following the release of the report, Iris Energy's stock fell by $1.70 per share, or 13.1%, closing at $11.20 per share on July 11, 2024 [4]. Group 3: Call for Information - Faruqi & Faruqi, LLP is also seeking information from whistleblowers, former employees, and shareholders regarding Iris Energy's conduct [5].

SAN DIEGO, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities who purchased or otherwise acquired Iris Energy Limited (NASDAQ: IREN) securities between June 20, 2023 and July 11, 2024. Iris describes itself as a “leading next-generation data center business powering the future of Bitcoin, AI and beyond[.]” For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The A ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Iris Energy Limited during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - The class action lawsuit against Iris Energy Limited claims that the defendants made materially false and misleading statements regarding the company's prospects and operations, particularly related to its data centers and high-performance computing [3] - Investors who purchased Iris Energy securities between June 20, 2023, and July 11, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1][3] - The deadline to move the Court to serve as lead plaintiff is December 6, 2024 [1] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for the number of settlements in 2017 [2][5] - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [2][5] - Many attorneys at Rosen Law Firm have received recognition from independent sources, enhancing the firm's credibility in representing investors [2][5]

NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Iris Energy Limited (NASDAQ: IREN). Shareholders who purchased shares of IREN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/iris-energy-loss-submission-form/?id=108478&from=3 CLASS PERIOD: June 23, 2023 ...

SAN DIEGO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Iris Energy Limited (NASDAQ: IREN) publicly traded securities between June 20, 2023 and July 11, 2024, both dates inclusive (the "Class Period"), have until December 6, 2024 to seek appointment as lead plaintiff of the Iris Energy class action lawsuit. Captioned Williams-Israel v. Iris Energy Limited, No. 24-cv-07046 (E.D.N.Y.), the Iris Energy class action lawsuit charges Iris Energy and ...