Scott+Scott Attorneys at Law LLP Continues to Remind Investors It Has Filed a Securities Class Action Against XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP (NYSE: XIFR)

Core Viewpoint - A securities class action lawsuit has been filed against XPLR Infrastructure, LP, alleging misleading statements and omissions regarding the company's financial condition and business model during the class period from September 27, 2023, to January 27, 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit was filed in the U.S. District Court for the Southern District of California by Scott+Scott Attorneys at Law LLP on behalf of investors who purchased XPLR common units during the specified class period [1]. - The class action asserts claims under the Securities Exchange Act of 1934, specifically §§10(b) and 20(a), and SEC Rule 10b-5 [1]. Group 2: Allegations Against XPLR - Defendants allegedly made misleading statements about XPLR's operations as a yieldco, failing to disclose struggles in maintaining operations and the risks associated with financing arrangements [3]. - The lawsuit claims that XPLR's business model and distribution growth rate were unsustainable, and that public statements made by the defendants were materially false and misleading [3]. Group 3: Market Reaction - On January 28, 2025, XPLR announced a suspension of cash distributions to common unitholders and a shift away from its yieldco model, leading to a significant drop in the stock price from $15.80 to $10.49, a decline of nearly 35% [4].