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A class action lawsuit was filed against XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP (NYSE:XIFR) investors who lost money due to alleged securities fraud between September 27, 2023, and January 27, 2025. The lawsuit alleges that defendants made false statements and concealed that the company was struggling to maintain its operations as a yieldco, and that defendants planned to halt cash distributions to investors to resolve certain financings. Levi & Korsinsky, the law firm representing the plaintiffs, has released a podcast detailing the nature of the action.
A class action lawsuit has been filed against investors of XPLR Infrastructure, LP, formerly known as Nextera Energy Partners, LP (NYSE: XIFR). The lawsuit, initiated by Levi & Korsinsky, alleges that the company engaged in securities fraud between September 27, 2023, and January 27, 2025. The plaintiffs claim that the defendants made false statements and concealed the company's struggles to maintain its operations as a yieldco. Additionally, the lawsuit alleges that the defendants planned to halt cash distributions to investors to resolve certain financings [1].
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