Pomerantz LLP has filed a class action lawsuit against XPLR Infrastructure, LP, alleging securities fraud or unlawful business practices by the company and its officers/directors. Investors who purchased XPLR securities during the class period (from Jan 28, 2025) have until Sept 8, 2025 to apply to be Lead Plaintiff.
Pomerantz LLP, a prominent law firm specializing in corporate, securities, and antitrust class litigation, has filed a class action lawsuit against XPLR Infrastructure, LP (NYSE: XIFR) and certain of its officers and directors. The lawsuit alleges securities fraud or unlawful business practices by the company and its management team.
Key Details
- Class Period: The class period spans from January 28, 2025, to August 4, 2025.
- Deadline: Investors who purchased XPLR securities during this period have until September 8, 2025, to apply to be Lead Plaintiff.
- Allegations: The complaint alleges that XPLR and its management made false statements and concealed significant issues related to its operations as a yieldco. This includes entering into temporary financing arrangements that downplayed attendant risks and planning to halt cash distributions to investors.
Impact on Investors
- Stock Price Decline: Following the announcement on January 28, 2025, XPLR's unit price fell by $3.97 per unit, or 25.13%, to close at $11.83 per unit on the same day. The price continued to decline, ultimately closing at $10.44 per unit on January 30, 2025.
- Cash Distribution: XPLR announced it was abandoning its yieldco business model and indefinitely suspending its cash distribution to unitholders, redirecting those funds to resolve its financial obligations.
Next Steps
Investors who believe they have been adversely affected by these allegations are encouraged to contact Danielle Peyton at Pomerantz LLP or visit the firm's website for further details. The class action lawsuit aims to hold the company accountable for any wrongdoing and seek compensation for affected investors.
Contact Information
- Danielle Peyton: Pomerantz LLP, 646-581-9980 ext. 7980
References
[1] https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-reminds-investors-with-losses-on-their-investment-in-xplr-infrastructure-lp-fka-nextera-energy-partners-lp-of-class-action-lawsuit-and-upcoming-deadlines---xifr-302521596.html
[2] https://www.morningstar.com/news/globe-newswire/9509270/shareholders-that-lost-money-on-xplr-infrastructure-lp-fka-nextera-energy-partners-lp-urged-to-join-class-action-contact-levi-korsinsky-to-learn-more
[3] https://www.ainvest.com/news/xplr-infrastructure-lawsuit-filed-abandoned-infrastructure-acquisition-2508/
[4] https://www.globenewswire.com/news-release/2025/08/06/3128606/9788/en/XIFR-INVESTOR-ALERT-Bronstein-Gewirtz-Grossman-LLC-Announces-that-XPLR-Infrastructure-LP-Investors-with-Substantial-Losses-Have-Opportunity-to-Lead-Class-Action-Lawsuit.html
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