INVESTOR ACTION ALERT: The Schall Law Firm Encourages Investors in Iris Energy Limited with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / January 25, 2023 / a national shareholder rights litigation firm, announced the filing of a class action lawsuit against Iris Energy Limited (“Iris” or “the Company”) (NASDAQ:IREN) for violations of the federal securities laws.

The Schall Law Firm, Wednesday, January 25, 2023, Press release picture

Investors who purchased the Company’s shares pursuant and/or traceable to the Company’s initial public offering taking place on November 17, 2021 (the “IPO”) and/or between November 17, 2021 and November 1, 2022, inclusive (the “Class Period” ), are encouraged to contact the firm before February 6, 2023.

If you are a shareholder who has suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at or by e-mail at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. The Company’s Bitcoinminers were unlikely to generate sufficient cash flow to service debt financing. The Company’s financing agreements to procure equipment were not sustainable. Based on these facts, the Company’s public statements throughout the IPO period were false and materially misleading. When the market learned the truth about Iris, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable laws and rules of ethics.

CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335

SOURCE: The Schall Law Firm

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