THE LAWSUIT: A class action securities lawsuit was filed against Iris Energy Limited (IREN) that seeks to recover losses of Iris Energy shareholders who were adversely affected by alleged securities fraud between June 23, 2023 and July 11, 2024
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CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: Culper Research published a report on July 11, 2024, alleging that Iris Energy “has always, and will continue to be – a non-player in the HPC space because its facilities were built for BTC mining and are ill-equipped for HPC workloads without billions in additional costs.” Following this news, the price of the Company’s stock dropped.
WHAT’S NEXT? If you suffered a loss in Iris Energy stock during the relevant time frame – even if you still hold your shares – go to https://zlk.com/pslra-1/iris-energy-lawsuit-submission-form?wire=18 to learn about your rights to seek a recovery. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
https://zlk.com/
