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XPLR INFRASTRUCTURE ALERT: Bragar Eagel & Squire, P.C. Urges Investors in XPLR Infrastructure (XIFR) to Inquire About Their Rights in Class Action Lawsuit
GlobeNewswire News Roomยท2025-07-14 22:07

Core Viewpoint - A class action lawsuit has been filed against XPLR Infrastructure, alleging that the company made misleading statements regarding its operations and financial health during the class period from September 27, 2023, to January 27, 2025 [1][3]. Group 1: Allegations of Misleading Statements - The lawsuit claims that XPLR Infrastructure was struggling to maintain its operations as a yieldco and that the defendants downplayed the risks associated with certain financing arrangements [3]. - It is alleged that XPLR Infrastructure could not resolve its financing issues before their maturity date without risking significant dilution for unitholders [3]. - The lawsuit further states that the company planned to halt cash distributions to investors to redirect funds towards resolving financing issues, indicating that its yieldco business model and distribution growth rate were unsustainable [3]. Group 2: Impact of Announcements - On January 28, 2025, XPLR Infrastructure announced the suspension of cash distributions to common unitholders and the abandonment of its yieldco model, leading to a nearly 35% drop in the price of its common units [4].