NEW YORK, March 12, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the securities of XPLR Infrastructure, LP (“XPLR” or the “Company”) (NYSE: XIFR) between January 26, 2021 and January 27, 2025, inclusive.
For more information, submit a form at XPLR Infrastructure, LP Shareholder Class Action Lawsuit, email Joseph R. Seidman, Jr. at seidman@bernlieb.com or call us at (212) 951-2025.
XPLR acquires, owns, and manages contracted clean energy projects in the U.S., including a portfolio of contracted renewable generation assets consisting of wind, solar, and battery storage projects. The Company also owns contracted natural gas pipeline assets. The Company changed its name from “NextEra Energy Partners, LP” to “XPLR Infrastructure, LP” in January 2025.
According to the complaint, Defendants made misleading statements about, among other things, the Company’s ability to maintain its operations as a yieldco.
On January 28, 2025, XPLR issued a press release announcing that it was abandoning its yieldco business model and indefinitely suspending its cash distribution to unitholders. The same press release also revealed that the Company had appointed a new chief executive officer (CEO).
If you wish to serve as lead plaintiff for the Class, you must file papers by May 9, 2025. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.
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Additional Contact Information:
Peter Allocco
Investor Relations Manager
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
pallocco@bernlieb.com
