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Shareholders that lost money on Iris Energy Limited (IREN) Urged to Join Class Action – Contact The Gross Law Firm to Learn More
Iris Energy Iris Energy (US:IREN) GlobeNewswire News Room·2024-11-26 18:04

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Iris Energy Limited regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's business prospects and operations [1][3]. Group 1: Class Action Details - The class period for the lawsuit is from June 23, 2023, to July 11, 2024 [3]. - Allegations include that Iris Energy overstated its prospects related to data centers and high-performance computing, particularly due to deficiencies at its Childress County, Texas site [3]. - The lawsuit claims that the defendants' statements about the company's business and operations were materially false and misleading [3]. Group 2: Shareholder Actions - Shareholders are encouraged to register for the class action by December 6, 2024, to potentially be appointed as lead plaintiffs [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [4]. - Participation in the case incurs no cost or obligation for the shareholders [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].