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Class Action Filed Against XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP (XIFR) - September 8, 2025 Deadline to Join - Contact Levi & Korsinsky
Prnewswireยท2025-07-18 12:45

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 unitholder dilution, leading to a planned halt in cash distributions to investors [3]. - The lawsuit asserts that the yieldco business model and distribution growth rate of XPLR 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, although participation in any recovery does not require this [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [4]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [5].