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 related to misleading statements made by the company 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 against the company include: - Struggles to maintain operations as a yieldco [3]. - Temporary relief through financing arrangements while downplaying associated 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]. - Unsustainable yieldco business model and distribution growth rate [3]. - Public statements made by the defendants were materially false and misleading [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by September 8, 2025, to participate in the case [4]. - Registration will include enrollment in a portfolio monitoring software for status updates throughout the case lifecycle [4]. Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors affected by deceit, fraud, and illegal business practices [5]. - The firm is committed to ensuring responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions by companies [5].
Class Action Filed Against XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP (XIFR) - September 8, 2025 Deadline to Join – Contact The Gross Law Firm
GlobeNewswire News Room·2025-08-13 20:39