Iris Energy (US:IREN) Prnewswireยท2024-11-26 01:26Core Viewpoint - A class action lawsuit has been filed against Iris Energy Limited (NASDAQ: IREN) for allegedly misleading investors about its data center and high-performance computing prospects [1][2]. Allegations - The lawsuit claims that Iris Energy overstated its prospects due to material deficiencies at its Childress County, Texas site [2]. - A report by Culper Research on July 11, 2024, titled "Iris Energy Ltd (IREN): A Prius at the Grand Prix," led to a stock price drop of over 15% [3]. Class Action Participation - Investors who purchased Iris Energy securities between June 20, 2023, and July 11, 2024, may be eligible to participate in the class action [1][4]. - Shareholders interested in serving as lead plaintiffs must submit their applications by December 6, 2024 [4]. Legal Representation - Robbins LLP, a law firm specializing in securities class actions, is representing the shareholders on a contingency fee basis, meaning no fees or expenses are required upfront [5][6].