#United States #New York #Class Action #Iris Energy #Levi Korsinsky

Important Notice for Iris Energy Investors

Levi & Korsinsky, LLP has recently communicated crucial updates for investors involved with Iris Energy Limited (NASDAQ: IREN). The firm has initiated a class action securities lawsuit on behalf of shareholders who may have suffered losses due to alleged securities fraud. The events in question occurred between June 23, 2023, and July 11, 2024.

Understanding the Class Action Suit

This class action aims to represent those adversely impacted by the company's alleged misstatements regarding its operations and prospects. Specifically, the lawsuit claims that Iris Energy's management overstated the viability and opportunities presented by their data center and high-performance computing initiatives. It is alleged that these statements were backed by material deficiencies observed at their site in Childress County, Texas.

As the lead plaintiff’s deadline approaches on December 6, 2024, it is crucial for affected investors to weigh their options. Even if they do not intend to seek lead plaintiff status, they may still be eligible for compensation without any costs incurred upfront.

The Path Forward for Affected Investors

Through Levi & Korsinsky, eligible shareholders can easily navigate the claims process. Investors who believe they were misled can reach out to the firm to learn more about the proceedings and how to file their claims. No out-of-pocket expenses are anticipated, enhancing the opportunity for potential recovery for those affected.

Joseph E. Levi, Esq. is spearheading this initiative and can be contacted directly for further assistance via email at [email protected] or by calling (212) 363-7500.

Why Choose Levi & Korsinsky?

For over two decades, Levi & Korsinsky has focused on safeguarding shareholder rights, securing substantial settlements for clients in various securities litigation cases. Their team, which boasts over 70 skilled personnel, is committed to providing extensive support and resources necessary for navigating complex legal landscapes. They have consistently been recognized in the ISS Securities Class Action Services’ Top 50 Report, underscoring their expertise and track record.

Conclusion

Investors in Iris Energy Limited should act swiftly to ensure their voices are heard in this unfolding legal situation. With the deadline for lead plaintiff applications approaching, it is essential to stay informed and proactive in seeking justice and potential compensation. For a detailed submission of claims or inquiries, visit Levi & Korsinsky’s website or reach out to their legal team directly.

For further updates and guidance through this process, please visit Levi & Korsinsky’s official page.

Contact Information

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Telephone: (212) 363-7500
Fax: (212) 363-7171
Email: [email protected]
Website: www.zlk.com