Feb 13th Deadline in Lawsuit for Investors who lost over $250,000 with shares of Iris Energy Limited (NASDAQ: IREN) announced by Shareholders Foundation.
SAN DIEGO, CA / ACCESSWIRE / February 9, 2023 / The Shareholders Foundation, Inc. announced that a deadline in the lawsuit for certain investors in Iris Energy Limited (NASDAQ:IREN) changed from February 6th to February 13th.
Investors who purchased shares in excess of
On December 7, 2022, a lawsuit was filed against Iris Energy Limited in the U.S. over alleged Securities Laws Violation. The plaintiff alleged that the Offering Documents that were filed in connection with the Company's IPO and that the defendants made false and/or misleading statements and/or failed to disclose that certain of Iris Energy Limited's Bitcoin miners, owned through its Non-Recourse SPVs, were unlikely to produce sufficient cash flow to service their respective debt financing obligations, that accordingly, Iris's use of equipment financing agreements to procure Bitcoin miners was not as sustainable as Defendants had represented, and that as a result, the Offering Documents and Defendants' public statements between November 17, 2021 and November 1, 2022 were materially false and/or misleading and failed to state information required to be stated therein.
On December 9, 2022, the original filed case was dismissed and on December 14th a new case with similar allegations was filed against Iris Energy Limited. The deadline for certain investors in Iris Energy Limited (NASDAQ:IREN) changed from February 6, 2023, to February 13, 2023.
Those who purchased NASDAQ:IREN shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
SOURCE: Shareholders Foundation, Inc.
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