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Shareholders that lost money on XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP(XIFR) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More
Prnewswire·2025-07-15 13:00

Core Viewpoint - A class action securities lawsuit has been filed against XPLR Infrastructure, LP, formerly known as Nextera Energy Partners, LP, alleging securities fraud that affected investors between September 27, 2023, and January 27, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants made false statements and concealed critical information regarding XPLR's operational struggles as a yieldco [3]. - It is alleged that the defendants entered into financing arrangements to temporarily alleviate operational issues while downplaying associated risks [3]. - The complaint states that XPLR could not resolve these financings before their maturity without risking significant dilution of unitholders [3]. - As a result of these issues, the defendants planned to halt cash distributions to investors to redirect funds towards resolving financing problems [3]. - The lawsuit asserts that XPLR's yieldco business model and distribution growth rate were unsustainable, rendering the defendants' public statements materially false and misleading [3]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until September 8, 2025, to request appointment as lead plaintiff [4]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [4]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [5].