11/16/2024 | Iris Energy Limited is being charged with violating securities regulations and affected investors are urged to contact law firm Schall

LOS ANGELES, CA / ACCESSWIRE / November 16, 2024 / The Schall Law Firm, a national shareholder rights law firm, reminds investors of a class action lawsuit against Iris Energy Limited (“Iris” or “the Company”) (NASDAQ:IREN) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between June 20, 2023 and July 11, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before December 6, 2024.

Are you a shareholder and have you suffered a loss? click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights, free of charge. You can also reach us via the company website: www.schallfirm.comor by email at [email protected].

In this case, the class has not yet been certified and until certification occurs, you will not be represented by an attorney. If you choose to take no action, you may remain an absent class member.

According to the complaint, the company made false and misleading statements to the marketplace. Iris overestimated her prospects in data centers and high-performance computing. The company’s overestimates were largely due to material deficiencies at its Childress County, Texas facility. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Iris, investors suffered damages.

Join the cause to recover your losses.

The Schall Law Firm represents investors worldwide and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered attorney advertising in some jurisdictions under applicable law and ethical rules.

CONTACT:

Schall law firm

Brian Schall, Esq.

310-301-3335

[email protected]

www.schallfirm.com

SOURCE: Schall law firm

View the original press release at accesswire.com