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XIFR LAWSUIT ALERT: Levi & Korsinsky Notifies XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP Investors of a Class Action Lawsuit and Upcoming Deadline
GlobeNewswire News Room·2025-08-25 21:41

Core Viewpoint - A class action securities lawsuit has been filed against XPLR Infrastructure, LP, formerly known as Nextera Energy Partners, LP, alleging securities fraud that affected investors between September 27, 2023, and January 27, 2025 [1][2]. Summary by Sections Class Definition - The lawsuit aims to recover losses for investors of XPLR Infrastructure, LP who were negatively impacted by alleged securities fraud during the specified period [2]. Case Details - The complaint claims that the defendants made false statements and concealed critical information, including: - XPLR was facing challenges in maintaining its operations as a yieldco [3]. - Defendants temporarily addressed these issues through certain financing arrangements while downplaying associated risks [3]. - XPLR could not resolve these financings before their maturity without risking significant unitholder dilution [3]. - Defendants planned to stop cash distributions to investors to redirect funds to resolve these financings [3]. - The yieldco business model and distribution growth rate of XPLR were unsustainable [3]. - Public statements made by the defendants were materially false and misleading throughout the relevant time [3]. Next Steps - Investors who suffered losses during the relevant timeframe have until September 8, 2025, to request appointment as lead plaintiff, although participation does not require serving in this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Why Levi & Korsinsky - Levi & Korsinsky has a strong track record in securing compensation for shareholders and has been recognized as one of the top securities litigation firms in the United States [5].