ACCESS Newswire
25 Jan 2023, 01:25 GMT+10
SAN DIEGO, CA / ACCESSWIRE / January 24, 2023 / The Shareholders Foundation, Inc. announces that a deadline is coming up on February 6th in the lawsuit that was filed for certain investors in shares of Iris Energy Limited (NASDAQ:IREN).
Investors who purchased shares in excess of $250,000 of Iris Energy Limited (NASDAQ:IREN) have certain options and there are short and strict deadlines running. Deadline: February 6, 2023. Those NASDAQ:IREN investors should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
On December 7, 2022, a lawsuit was filed against Iris Energy Limited in the U.S. over alleged securities laws violations/. The plaintiff alleged that the Offering Documents that were filed in connection with the Company's initial public offering ('IPO') conducted on or about November 17, 2021 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, that the foregoing was likely to have a material negative impact on the Company's business, operations, and financial condition, 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.
Those who purchased Iris Energy Limited (NASDAQ:IREN) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
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.
SOURCE: Shareholders Foundation, Inc.
Get a daily dose of Cleveland Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cleveland Star.
More InformationNEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...
KABUL, Afghanistan: Afghanistan, long associated with war and instability, is quietly trying to rebrand itself as a destination for...
SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
ABU DHABI, 19th June, 2025 (WAM) -- Cleveland Clinic Abu Dhabi has become the first and only research hospital in the UAE to receive...
ABU DHABI, 17th June, 2025 (WAM) -- Cleveland Clinic Abu Dhabi, part of the M42 group, has successfully introduced continuous infusion...
ABU DHABI, 9th June, 2025 (WAM) -- Cleveland Clinic Abu Dhabi has successfully performed the UAE's first robotic cytoreductive surgery...
ABU DHABI,16th May, 2025 (WAM) - Oracle Health, Cleveland Clinic, and G42 today announced a strategic partnership to develop a groundbreaking...
ABU DHABI, 6th May, 2025 (WAM) -- PureHealth and its subsidiary SEHA have partnered with the number one US children's hospital, Cincinnati...
Argentinian composer Lalo Schifrin, the genre-blending film and television composer behind the Mission: Impossible, Bullitt, and Cool...