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 Memphis Sun 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 Memphis Sun.
More InformationEVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
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...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...