Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of XPLR Infrastructure, LP (formerly Nextera Energy Partners, LP), encouraging them to contact the firm regarding potential lead plaintiff appointments in a class action lawsuit due to alleged misleading statements and operational struggles during a specified class period [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from September 27, 2023, to January 27, 2025 [3]. - Allegations include that XPLR was struggling to maintain its operations as a yieldco and that the defendants issued materially false and misleading statements [3]. - Specific issues highlighted include: - Temporary relief through financing arrangements while downplaying risks [3]. - Inability to resolve financing before maturity without risking significant unitholder dilution [3]. - Plans to halt cash distributions to investors to address financing issues [3]. - Unsustainability of XPLR's yieldco business model and distribution growth rate [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by September 8, 2025, to participate without any cost or obligation [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [4]. Firm's Commitment - The Gross Law Firm is recognized for protecting investors' rights against deceit and fraud, emphasizing responsible business practices [5].
Investors in XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP Should Contact The Gross Law Firm Before September 8, 2025 to Discuss Your Rights – XIFR
GlobeNewswire News Room·2025-07-21 20:30