Rosen Law Firm Encourages Iris Energy Limited Investors to Inquire About Securities Class Action Investigation - IREN

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Iris Energy Limited (NASDAQ: IREN) due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Legal Action - Shareholders who purchased IREN securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to IREN [2]. Group 2: Company Performance and Market Reaction - On July 11, 2024, Culper Research issued a report taking a short position in IREN, labeling it as a "painfully transparent stock promotion" and questioning the validity of its high-performance computing claims [3]. - Following the report, IREN's stock price fell by $1.70, or 13.1%, closing at $11.20 per share on the same day [3].