Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of XPLR Infrastructure, LP (formerly Nextera Energy Partners, LP), indicating potential legal action due to allegations of misleading statements and operational struggles during a specified class period [1]. Group 1: Allegations and Class Period - The class period for the allegations is from September 27, 2023, to January 27, 2025 [1]. - Allegations include that XPLR was struggling to maintain operations as a yieldco and that defendants entered into financing arrangements while downplaying associated risks [1]. - It is claimed that XPLR could not resolve financing issues before maturity without risking significant unitholder dilution, leading to a planned halt in cash distributions to investors [1]. Group 2: Impact on Business Model - The allegations suggest that XPLR's yieldco business model and distribution growth rate were unsustainable, and public statements made by defendants were materially false and misleading [1]. Group 3: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by September 8, 2025, to monitor the case's progress [2]. - Registration allows shareholders to receive status updates throughout the lifecycle of the case, with no cost or obligation to participate [2]. Group 4: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements [3].
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of September 8, 2025 in XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP Lawsuit - XIFR
Prnewswire·2025-07-31 12:45