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Class action lawsuits

Scott+Scott Files Securities Class Action Lawsuit Against XPLR Infrastructure, LP

Strategic Insights

— 1 min read

Scott+Scott Attorneys at Law LLP has filed a securities class action lawsuit against XPLR Infrastructure, LP (NYSE: XIFR) and its former and current officers and directors, alleging that defendants made misleading statements and omissions regarding the company's business, financial condition, and prospects. The lawsuit claims that XPLR's yieldco business model and distribution growth rate were unsustainable, leading to a significant decline in the company's stock price. Investors who purchased or acquired XPLR common units between September 27, 2023, and January 27, 2025, may be eligible to recover damages.

Key Takeaways:

  • The lawsuit was filed by Scott+Scott Attorneys at Law LLP in the United States District Court for the Southern District of California on behalf of all persons other than defendants who purchased or acquired XPLR common units between September 27, 2023, and January 27, 2025.
  • Defendants allegedly made misleading statements and omissions regarding XPLR's business, financial condition, and prospects, including failing to warn investors about the company's struggles to maintain its operations as a yieldco.
  • The market learned the truth on January 28, 2025, when XPLR announced that it would suspend entirely cash distributions to common unitholders and essentially abandon its yieldco model.
  • The price of XPLR's common units fell from a closing price of $15.80 per unit on January 27, 2025, to a closing price of $10.49 per unit on January 29, 2025, a decline of $5.31 per unit, or nearly 35%.
  • Investors who purchased or acquired XPLR common units during the class period may be able to seek appointment as lead plaintiff and potentially recover damages.
  • The deadline for financial institutions to seek appointment as lead plaintiff is September 8, 2025.

Statistics:

  • The lawsuit covers the period from September 27, 2023, to January 27, 2025.
  • The price of XPLR's common units fell by $5.31 per unit, or nearly 35%, between January 27, 2025, and January 29, 2025.
  • The market capitalization of XPLR Infrastructure, LP is not specified in the release.

Sources:

  • (i) Scott+Scott Attorneys at Law LLP
  • (ii) Press release issued by Scott+Scott Attorneys at Law LLP on July 11, 2025, titled "Scott+Scott Attorneys at Law LLP Announces the Filing of a Securities Class Action Lawsuit Against XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP (NYSE: XIFR)"

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