Bragar Eagel & Squire Files Lawsuit Against XPLR Infrastructure Investors
The Facts -
- Bragar Eagel & Squire filed a class action against XPLR Infrastructure.
- The lawsuit alleges misleading statements affecting XPLR's financial stability.
- XPLR's stock price dropped 35% after suspending cash distributions.
In the midst of a turbulent financial landscape, a significant legal battle is unfolding that could impact numerous investors. A class action lawsuit has been initiated against XPLR Infrastructure, LP, a prominent player in the infrastructure sector, bringing to light critical allegations about the company's financial practices.
Legal Proceedings and Allegations
The lawsuit, spearheaded by Bragar Eagel & Squire, P.C., a firm renowned for its focus on stockholder rights, targets XPLR Infrastructure. Filed in the United States District Court for the Southern District of California, the suit represents all individuals and entities that acquired XPLR common units between September 27, 2023, and January 27, 2025. Investors have until September 8, 2025, to step forward as lead plaintiffs.
The allegations include claims that XPLR Infrastructure misled investors regarding its operational sustainability as a yieldco. The company reportedly engaged in high-risk financing arrangements without adequately informing stakeholders of the potential implications. It is further alleged that these actions led to a planned suspension of cash distributions to investors, casting doubt on the viability of the firm’s distribution growth strategy. These issues culminated in a significant 35% drop in the company's unit price following the announcement on January 28, 2025.
Investor Action and Assistance
Investors who have suffered losses are encouraged to contact Bragar Eagel & Squire for more information. Brandon Walker and Marion Passmore, partners at the firm, are reaching out to affected parties to discuss their legal options. They can be contacted at (212) 355-4648, or by email at investigations@bespc.com.
To participate in the ongoing legal action, investors may click here.
About Bragar Eagel & Squire, P.C.
Bragar Eagel & Squire, with offices located in New York, California, and South Carolina, is a leading law firm specializing in complex litigation and stockholder rights. Their extensive experience spans both state and federal courts, and they have a proven track record in securing favorable outcomes for their clients. More information about the firm can be found on their website.
Stay updated with the latest developments by following the firm on LinkedIn, X, and Facebook. Further updates from Brandon Walker, Esq. can also be accessed via his LinkedIn and X profiles.
Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
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