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The Gross Law Firm Notifies Shareholders of XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP (XIFR) of a Class Action Lawsuit and an Upcoming Deadline
GlobeNewswire News Roomยท2025-08-18 20:04

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 Allegations - The complaint alleges that during the class period from September 27, 2023, to January 27, 2025, XPLR was struggling to maintain its operations as a yieldco [3]. - Defendants reportedly entered into financing arrangements to temporarily alleviate operational issues while downplaying associated risks [3]. - It is claimed that XPLR could not resolve these financings before their maturity date without risking significant unitholder dilution [3]. - As a result, defendants planned to halt cash distributions to investors and redirect those funds to resolve financing issues [3]. - The sustainability of XPLR's yieldco business model and distribution growth rate was questioned, indicating that public statements made by defendants were materially false and misleading [3]. Next Steps for Shareholders - Shareholders who purchased shares of XIFR during the specified timeframe are encouraged to register for the class action by September 8, 2025 [4]. - Upon registration, shareholders will be enrolled in a portfolio monitoring software to receive status updates throughout the case lifecycle [4]. - Participation in the case incurs no cost or obligation for shareholders [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit, fraud, and illegal business practices [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [5].