IREN CLASS ACTION News: Iris Energy Limited Shareholders with Large Losses Should Seek Counsel; Contact Robbins LLP for Information About the Pending Class Action

Core Viewpoint - A class action lawsuit has been filed against Iris Energy Limited (NASDAQ: IREN) by a shareholder, alleging that the company misled investors regarding its prospects in data centers and high-performance computing [1][2]. Allegations - The lawsuit claims that Iris Energy overstated its prospects due to material deficiencies at its Childress County, Texas site [1]. - A report by Culper Research on July 11, 2024, titled "Iris Energy Ltd (IREN): A Prius at the Grand Prix," led to a more than 15% drop in Iris Energy's stock price [2]. Legal Proceedings - Shareholders interested in serving as lead plaintiffs must submit their applications by December 6, 2024 [2]. - Participation in the class action is not required to be eligible for recovery, and all representation is on a contingency fee basis [2]. Company Background - Robbins LLP, the law firm handling the case, has a history of litigating securities class actions and has recovered over $1 billion for shareholders since its inception in 2002 [3].