Iris Energy (US:IREN) Prnewswireยท2024-10-11 10:10Core 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 lawsuit claims that defendants overstated Iris Energy's prospects related to data centers and high-performance computing, primarily due to significant deficiencies at the company's Childress County, Texas site [2]. - As a result of these alleged misrepresentations, statements made by the defendants regarding Iris Energy's business, operations, and future 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 appointment 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 incurring any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP 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].