Iris Energy Limited
Case Overview
30 Days Left to Seek Lead Plaintiff
Lead Plaintiff Deadline: | Lead Plaintiff Deadline: 12/06/2024 |
Status: | Status: Investigating |
Company Name: | Company Name: Iris Energy Limited |
Court: | Court: Eastern District of New York |
Case Number: | Case Number: 1:24cv07046 |
Class Period: | Class Period: 06/20/2023 - 07/11/2024 |
Ticker: | Ticker: IREN |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of those who acquired Iris Energy Limited (“Iris Energy” or the “Company”) (NASDAQ: IREN) securities during the period of June 20, 2023 through July 11, 2024, inclusive (“the Class Period”). Investors have until November 6, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
On July 11, 2024 Culper Research issued a report entitled “Iris Energy Ltd (IREN): A Prius at the Grand Prix.” On this news, the price of Iris Energy’s shares declined by more than 15%.
The lawsuit alleges that Iris Energy made false and/or misleading statements and/or failed to disclose that it had overstated its prospects with data centers and high performance computing, as a result of material deficiencies in its Childress County, Texas site.
On July 11, 2024 Culper Research issued a report entitled “Iris Energy Ltd (IREN): A Prius at the Grand Prix.” On this news, the price of Iris Energy’s shares declined by more than 15%.
The lawsuit alleges that Iris Energy made false and/or misleading statements and/or failed to disclose that it had overstated its prospects with data centers and high performance computing, as a result of material deficiencies in its Childress County, Texas site.