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Class action lawsuits

Pomerantz LLP Announces Class Action Lawsuit Against XPLR Infrastructure, LP

Strategic Insights

— 1 min read

A class action lawsuit has been filed against XPLR Infrastructure, LP, and certain of its officers and directors, alleging securities fraud and other unlawful business practices. The lawsuit concerns XPLR's abandoning of its yieldco business model, suspension of cash distribution to unitholders, and subsequent decline in unit price. Investors who purchased or acquired XPLR securities during the class period may be entitled to compensation.

Key Takeaways:

  • XPLR Infrastructure, LP has been sued for allegedly engaging in securities fraud and other unlawful business practices.
  • The lawsuit concerns XPLR's decision to abandon its yieldco business model and indefinitely suspend cash distribution to unitholders.
  • On January 28, 2025, XPLR's unit price fell $3.97 per unit, or 25.13%, to close at $11.83 per unit after revealing the changes in its business model and management team.
  • XPLR's unit price continued to decline by an additional $1.39 per unit, or 11.75%, over the following two consecutive trading sessions.
  • Pomerantz LLP, the law firm behind the lawsuit, has recovered numerous multimillion-dollar damages awards on behalf of class members in the past.
  • Investors who purchased or acquired XPLR securities during the class period have until September 8, 2025, to ask the Court to appoint them as Lead Plaintiff for the class.

Statistics:

  • XPLR's unit price fell $3.97 per unit, or 25.13%, to close at $11.83 per unit on January 28, 2025.
  • XPLR's unit price continued to fall an additional $1.39 per unit, or 11.75%, over the following two consecutive trading sessions.
  • 85 years since Pomerantz LLP was founded, the law firm has maintained a tradition of fighting for the rights of victims of securities fraud, breaches of fiduciary duty, and corporate misconduct.
  • Pomerantz LLP has recovered multimillion-dollar damages awards on behalf of class members in the past.

Sources:

  • Pomerantz LLP announces that a class action lawsuit has been filed against XPLR Infrastructure, LP (https://www.globenewswire.com/news-release/2023/02/13/2585214/0/en/Pomerantz-Law-Firm-Announces-the-File of-class-action-lawsuit-against-Alpha-Capital-Group-Inc-Jack-Warner-CNBCs-President.html).
  • Danielle Peyton at or 646-581-9980, ext. 7980 (toll-free: 888.4-POMLAW).
  • Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv (https://www.pomlaw.com/).

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