Workflow
IREN Investors Have Opportunity to Lead Iris Energy Limited Securities Fraud Lawsuit with the Schall Law Firm
Iris Energy Iris Energy (US:IREN) Prnewswireยท2024-10-25 14:53

Core Viewpoint - A class action lawsuit has been filed against Iris Energy Limited for alleged violations of securities laws, specifically related to misleading statements about the company's performance and prospects [1][2]. Group 1: Lawsuit Details - The lawsuit pertains to securities purchased between June 20, 2023, and July 11, 2024, during which the company allegedly made false and misleading statements regarding its data centers and high-performance computing capabilities [1][2]. - The complaint claims that Iris Energy overstated its prospects due to material deficiencies at its facility in Childress County, Texas, leading to misleading public statements throughout the class period [2]. Group 2: Investor Information - Investors who suffered losses during the class period are encouraged to contact the Schall Law Firm to discuss their rights and potential participation in the lawsuit [1][2]. - The class has not yet been certified, meaning that until certification occurs, investors are not represented by an attorney and can choose to remain absent from the class [2].