IREN INVESTOR DEADLINE: Iris Energy Limited Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Core Viewpoint - Iris Energy Limited is facing a class action lawsuit for allegedly making false statements regarding its business prospects and failing to disclose material deficiencies at its Texas site, leading to significant stock price declines [3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Williams-Israel v. Iris Energy Limited and covers purchasers of Iris Energy securities from June 20, 2023, to July 11, 2024, with a deadline of December 6, 2024, for lead plaintiff applications [1]. - The lawsuit alleges that Iris Energy and its executives violated the Securities Exchange Act of 1934 by overstating the company's prospects related to data centers and high-performance computing [3]. - Following a report from Culper Research on July 11, 2024, Iris Energy's stock price dropped by over 15% [4]. Group 2: Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who acquired Iris Energy securities during the class period to seek lead plaintiff status, representing the interests of the class [5]. - The lead plaintiff is typically the investor with the greatest financial interest and must be typical and adequate of the class [5]. Group 3: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in class action cases, significantly more than any other firm in recent years [6]. - The firm has been ranked 1 in securing monetary relief for investors in six out of the last ten years [6].