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Iris Energy Limited Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before December 6, 2024 to Discuss Your Rights – IREN
Iris Energy Iris Energy (US:IREN) GlobeNewswire News Room·2024-12-04 17:36

Core Viewpoint - The Gross Law Firm is notifying 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: Allegations - The complaint alleges that during the class period from June 23, 2023, to July 11, 2024, defendants overstated Iris Energy's prospects related to data centers and high-performance computing, primarily due to deficiencies at the Childress County, Texas site [3]. - As a result of these deficiencies, the statements made by the defendants about Iris Energy's business, operations, and prospects were materially false and misleading, lacking a reasonable basis throughout the relevant period [3]. Group 2: Class Action Details - Shareholders who purchased shares of Iris Energy during the specified class period are encouraged to contact the Gross Law Firm for potential lead plaintiff appointment, although this is not required for recovery [1][4]. - The deadline for shareholders to register for the class action and seek lead plaintiff status is December 6, 2024 [4]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case's status [4].