Iris Energy Class Action Lawsuit IREN | Deadline February 13, 2023
Announcement! The IREN Lawsuit is open to all investors who purchased or otherwise acquired Iris Energy Limited (Iris Energy Class Action Lawsuit) common stock between November 17, 2021, and November 1, 2022.
According to the IREN lawsuit, the defendants made the following claims during the Class Period and/or omitted to disclose them:
(i) Iris’s Non-Recourse SPVs-owned Bitcoin miners weren’t likely to generate enough cash flow to cover their individual debt financing requirements;
(ii) Iris’s use of equipment financing contracts to acquire Bitcoin miners was not as viable as Defendants had claimed as a result;
(iii) the aforementioned was probably going to negatively affect the Company’s operations, finances, and business; and
(iv) Due to this, the Offering Documents and the Defendants’ public claims made during the Class Period were both materially false and/or misleading and omitted key details.
If you suffered a loss in IREN Lawsuit, you have until February 13, 2023, to request that the Court appoint you as the lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Iris Energy Class Action Lawsuit (IREN Lawsuit)
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