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The Schall Law Firm Encourages Investors in Iris Energy Limited with Losses of $100,000 to Contact the Firm

  • March 12, 2023

LOS ANGELES, CA / ACCESSWIRE / February 6, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces 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, Monday, February 6, 2023, Press release picture

Investors who purchased the Company’s shares pursuant and/or traceable to the Company’s initial public offering conducted 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 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 www.schallfirm.com, or by email 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 Bitcoin miners were unlikely to generate cash flow sufficient 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 law and rules of ethics.

CONTACT:

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Disgraced Attorney Tom Girardi’s Competency Uncertain In Fraud Trial

  • March 10, 2023

BEVERLY HILLS, CA — Disgraced former attorney Tom Girardi, co-founder of the defunct Los Angeles law firm Girardi Keese, appeared in federal court Monday and had a not-guilty plea entered on his behalf to charges of embezzling more than $15 million from several of his legal clients.

Girardi, the ex of “The Real Housewives of Beverly Hills” Erika Jayne, was indicted last week on fraud charges for allegedly embezzling over $15 million of funds from clients, according to court documents. Girardi was disbarred last year and diagnosed with Alzheimer’s disease in March 2021 and now lives in a memory care facility in Orange County. His younger brother has control of all medical and financial decision-making as Girardi is in a court-ordered conservatorship, the Los Angeles Times reported.

After his appearance Monday in a downtown Los Angeles courtroom, Girardi, 83, was allowed to remain free on $250,000 bond.

Find out what’s happening in Beverly Hillswith free, real-time updates from Patch.

When asked last week about Girardi’s ability to stand trial in light of reports of his dementia, U.S. Attorney Martin Estrada said the defendant’s competency “has not been evaluated by a federal criminal court.”

Girardi was indicted on five counts of wire fraud in Los Angeles and eight additional counts in Chicago. He is accused of defrauding clients and misappropriating funds as far back as 2010, according to the indictment. Girardi and his Chief Financial Officer Christopher Kamon, 49, of Palos Verdes “knowingly and with intent to defraud, devised, participated in, and executed a scheme to defraud victim clients to whom defendant [Girardi] and Girardi Keese had agreed to provide legal services,” prosecutors allege.

Find out what’s happening in Beverly Hillswith free, real-time updates from Patch.

Girardi would negotiate a settlement on behalf of his client but would

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