I am facing this issue while deploying the application in weblogic server. Once i deploy the state is 'Prepared' and it doesn't change to 'Active' due to this issue

Can some one please help me fixing this issue,
Thanks in advance.!!

This is obviously a conflict in the version of Xerces used, indeed you get this exception because it tries to access to the constructor public RegularExpression(String regex, String options, Locale locale) which has been removed since Xerces 2.11. In other words, the code that tries to access to this constructor has been compiled with a previous version of Xerces and what it finds in the classpath is Xerces 2.11 which leads to this exception.
Thanks to the full stack trace of this exception, you should identify the class that depends on a previous version of Xerces, then according to the class either you migrate the code to make it compatible with Xerces 2.11 if it is possible, it not you will need to downgrade the version of Xerces to at best 2.10.