#United States #New York #Class Action #Levi Korsinsky #XPLR Infrastructure

Investors in XPLR Infrastructure, LP Urged to Join Class Action

Levi & Korsinsky, LLP, a law firm recognized for its work in securities litigation, is alerting investors of XPLR Infrastructure, LP (traded as NYSE: XIFR) regarding a potential class action lawsuit. This legal action comes on the heels of reported allegations of securities fraud that have impacted investors negatively, leading to significant financial losses. If you've held XIFR shares between January 26, 2021 and January 27, 2025, you could be part of this case.

Who is Affected?

This class action is designed for XPLR Infrastructure, LP shareholders who have suffered losses during the aforementioned period due to alleged mismanagement and deceit by the company’s executives. The lawsuit claims that XPLR Infrastructure was struggling to maintain its operational framework as a yieldco and that company executives significantly concealed this issue while engaging in practices that misled investors. The prospect of recovering losses motivated the lawyers at Levi & Korsinsky to act on behalf of the affected investors to promote justice.

Case Details

The complaint asserts that the defendants were responsible for making false statements to investors, notably that:

• - Operational Struggles: The company was enduring significant challenges in sustaining itself as a profitable yieldco.
• - Misleading Information: Executives concealed this troubling state of affairs while pursuing CEPF, or convertible equity portfolio financing arrangements, with little regard for the associated risks.
• - Future Risks: There was an inability to liquidate these CEPFs before their maturity, risking major dilution of unitholder interests.
• - Cash Distribution Changes: It became evident that XPLR management was compelled to suspend cash distributions to investors, redirecting funds instead to resolve the CEPF commitments, demonstrating a potentially unachievable business model moving forward.

As a direct result of these actions, material information was withheld from shareholders that could have influenced their investment decisions significantly. Allegations of securities fraud suggest that the public statements made by the company were misleading.

Next Steps for Investors

Affected investors are encouraged to reach out to Levi & Korsinsky as the window for filing a request to be appointed as lead plaintiff in this case closes on May 9, 2025. Notably, participating in the class action does not necessitate serving as a lead plaintiff, and interested parties can reach out without risk or cost. This means that shareholders might be eligible for compensation related to their losses without incurring any out-of-pocket expenses.

About Levi & Korsinsky

With over two decades worth of experience, the legal experts at Levi & Korsinsky have successfully recovered hundreds of millions of dollars for aggrieved shareholders across various high-stake cases. The firm thrives on its comprehensive understanding of complex securities litigation and boasts a proficient team dedicated to serving client needs.

How to Contact

For further information regarding the class action and how to participate, investors may fill out the submission form at Levi & Korsinsky’s official site or by contacting Joseph E. Levi at (212) 363-7500, or via email at [email protected]

It’s advisable for all shareholders of XPLR Infrastructure, LP to act promptly to secure their interests in the unfolding legal landscape related to this class action lawsuit.