Investor Notification Regarding XPLR Infrastructure (XIFR): Bragar Eagel & Squire, P.C.Encourages Investors to Look into Their Options in the Class Action Lawsuit Concerning XPLR Infrastructure Before the September 8th Cutoff
Breaking News: Class Action Lawsuit Filed Against XPLR Infrastructure
In a significant development, Bragar Eagel & Squire, P.C. has filed a class action lawsuit against XPLR Infrastructure, LP in the United States District Court Southern District Of California. The lawsuit alleges that XPLR Infrastructure planned to halt cash distributions to investors and instead redirect those funds to resolve its financings.
According to the lawsuit, XPLR Infrastructure entered into certain financing arrangements to temporarily relieve its operations issues. However, the company could not resolve those financings before their maturity date without risking significant unitholder dilution. The lawsuit further alleges that XPLR Infrastructure's yieldco business model and distribution growth rate were unsustainable, and the company was struggling to maintain its operations as a yieldco.
On January 28, 2025, XPLR Infrastructure announced that it would suspend entirely cash distributions to common unitholders and essentially abandon its yieldco model. On this news, the price of XPLR Infrastructure common units fell by nearly 35%.
The class action lawsuit covers all persons and entities who purchased or otherwise acquired XPLR common units between September 27, 2023, and January 27, 2025. Investors have until September 8, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation. Brandon Walker, Esq. and Marion Passmore are the contacts at Bragar Eagel & Squire, P.C. for this case.
Contact methods include email ([email protected]), telephone (212) 355-4648, and a contact form on the website www.bespc.com. Bragar Eagel & Squire, P.C. can be followed for updates on LinkedIn, X, and Facebook.
It is important to note that prior results do not guarantee similar outcomes for future cases. The contact information for Bragar Eagel & Squire, P.C. is provided for those interested in the XPLR Infrastructure class action lawsuit. There is no cost or obligation for contacting the firm regarding the case.
For those who are affected by this development, it is crucial to seek legal advice to understand their rights and potential remedies.
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