Iris Energy (US:IREN) GlobeNewswire News Roomยท2024-10-14 17:24Core 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: Allegations - The lawsuit claims that defendants overstated Iris Energy's prospects related to data centers and high-performance computing due to material deficiencies at the company's Childress County, Texas site [2]. - It is alleged that the statements made by the defendants regarding Iris Energy's business, operations, and prospects were materially false and misleading, lacking a reasonable basis during the relevant time [2]. Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until December 6, 2024, to request to be appointed as lead plaintiff in the case [3]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members, allowing them to potentially receive compensation without financial obligation [3]. Group 3: Law Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]. - The firm has over 70 employees dedicated to serving clients in complex securities litigation [4].