#United States #New York #Iris Energy #Securities Fraud #Rosen Law Firm

IREN Investors Unite: Safeguard Your Rights

In a significant move for investors of Iris Energy Limited (NASDAQ: IREN), the Rosen Law Firm, renowned for its dedication to securities litigation, has issued a strong reminder for those impacted by alleged securities fraud. Investors who bought Iris Energy shares between June 20, 2023, and July 11, 2024, are urged to take action as the initial deadline to join a class action lawsuit looms close on December 6, 2024.

Understanding the Class Action Opportunity

If you purchased shares of Iris Energy during this critical period and experienced losses exceeding $100,000, you may possess the legal standing to lead the class action. Importantly, there are no out-of-pocket fees at the outset, as the Rosen Law Firm operates on a contingency fee basis. This means they only collect fees if you receive compensation, making it a risk-free option for affected investors.

Steps to Join the Class Action

To participate in this lawsuit and potentially reclaim losses, interested parties should visit Rosen Legal for more information. You can also reach out directly to Phillip Kim, Esq., at 866-767-3653, or via email at [email protected] for guidance on the process. It is essential to act quickly, as only those who file their intention to be lead plaintiff by the December 6 deadline will be considered.

Why Choose Rosen Law Firm?

Choosing the right legal representation is crucial in securities litigation. The Rosen Law Firm prides itself on its extensive experience and remarkable success rate. They have secured the largest settlement against a Chinese company in securities class action history and consistently rank among the top firms for number of settlements. Their track record includes over $438 million recovered for investors in just one year (2019). This firm specializes in advocating for investor rights and has a team recognized by major legal publications such as Lawdragon and Super Lawyers.

The Allegations Against Iris Energy

The basis of the class action stems from alleged misleading statements made by the defendants throughout the class period. The lawsuit contends that Iris Energy exaggerated its capabilities and prospects related to its data centers and high-performance computing. Design and operational deficiencies at their site in Childress County, Texas, form the crux of the allegations that led to material misinformation regarding the company's performance.

When these truths came to light, investors were left facing significant losses, framing the urgency of pursuing legal action against the company to recover damages.

Stay Informed

For updates and further details, investors are encouraged to keep connected with the Rosen Law Firm through their profiles on platforms such as LinkedIn, Twitter, and Facebook.

Conclusion

Time is of the essence for Iris Energy investors who have been affected by recent events. By taking part in the class action, you can stand collectively to gain a representation that holds Iris Energy accountable for the alleged securities fraud. This is a pivotal chance to fight for your rights and claim the compensation you deserve.