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ROSEN, LEADING INVESTOR COUNSEL, Encourages Iris Energy Limited Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – IREN
Iris Energy Iris Energy (US:IREN) GlobeNewswire News Room·2024-10-26 18:59

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Iris Energy Limited securities during the specified class period of the upcoming lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - The class period for the Iris Energy securities is from June 20, 2023, to July 11, 2024, and the lead plaintiff deadline is December 6, 2024 [1] - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties can join by contacting the law firm [3] Group 2: Allegations Against Iris Energy - The lawsuit alleges that defendants made materially false and misleading statements regarding Iris Energy's business prospects, particularly related to data centers and high-performance computing [3] - It is claimed that these misstatements were due to deficiencies at Iris Energy's Childress County, Texas site, leading to investor damages when the truth was revealed [3] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and being ranked No. 1 for securities class action settlements in 2017 [2][5] - The firm has recovered hundreds of millions of dollars for investors, with over $438 million secured in 2019 alone [2] - Many attorneys at the firm have received recognition from independent sources, enhancing the firm's credibility in representing investors [2][5]