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XPLR INFRASTRUCTURE ALERT: Bragar Eagel & Squire, P.C. Urges Investors in XPLR Infrastructure (XIFR) to Inquire About Their Rights in Class Action Lawsuit Before the September 8th Deadline
GlobeNewswire News Roomยท2025-09-05 14:43

Core Viewpoint - A class action lawsuit has been filed against XPLR Infrastructure, alleging misleading statements and operational struggles during the class period from September 27, 2023, to January 27, 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit claims that XPLR Infrastructure was struggling to maintain its operations as a yieldco and that the defendants downplayed the risks associated with certain financing arrangements [3]. - It is alleged that XPLR Infrastructure could not resolve its financing issues before maturity without risking significant unitholder dilution, leading to a planned halt in cash distributions to investors [3]. - On January 28, 2025, XPLR Infrastructure announced the suspension of cash distributions to common unitholders and the abandonment of its yieldco model, resulting in a nearly 35% drop in the price of its common units [4]. Group 2: Investor Information - Investors who purchased XPLR Infrastructure common units during the class period have until September 8, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1]. - The law firm Bragar Eagel & Squire, P.C. is encouraging affected investors to contact them for discussions regarding their legal rights and options [1][5].