Securities Class Action Filed for Civitas Resources, Inc. Shareholders Amidst Allegations

Securities Class Action Filed for Civitas Resources Shareholders



The Gross Law Firm has taken significant steps to protect the rights of investors by announcing a securities class action on behalf of shareholders of Civitas Resources, Inc. (NYSE: CIVI). This announcement comes amid troubling allegations regarding the company’s financial practices and future production capabilities.

Overview of the Case



Shareholders who purchased shares of Civitas between February 27, 2024, and February 24, 2025, are advised to consider participating in this class action. The firm is currently seeking individuals who might serve as lead plaintiffs to represent the class. However, it’s important to note that becoming a lead plaintiff is not a prerequisite for being part of the recovery process.

The allegations against Civitas include a strong likelihood that the company will substantially reduce its oil production in 2025, which stemmed from the declines following production highs in the fourth quarter of 2024. Additionally, the firm claims that to maintain or increase oil production levels, Civitas would need to acquire more acreage and development locations. This scenario could lead to significant financial burdens, including substantial debt and the selling off of corporate assets to finance these acquisitions.

Moreover, there are concerns that the company’s operational capabilities and financial outlook were overstated, potentially misleading investors regarding its true market position. The firm noted that these factors might have necessitated Drastic cost-reduction measures, including significant workforce reductions. By failing to disclose this information appropriately, Civitas may have engaged in practices that amounted to securities fraud.

Steps for Shareholders



Affected shareholders are encouraged to register for the class action promptly. The deadline to register is July 1, 2025, and failing to act quickly could result in missed opportunities for recovery. Once registered, shareholders will gain access to a portfolio monitoring software that will keep them updated on the case's progress throughout its lifecycle.

The Gross Law Firm operates with a mission centered on protecting investors who have fallen victim to fraud or misleading business practices. They advocate for responsible corporate behavior and aim to recover losses incurred by shareholders due to deceptive statements or omissions made by companies like Civitas.

Legal Representation and Participation



For investors interested in registering or learning more about the potential for recovery, contacting The Gross Law Firm is recommended. They provide resources and support for individuals affected by these unfortunate circumstances. The contact information includes an email address for inquiries and a phone number for direct communication.

This case is emblematic of the ongoing challenges that shareholders face in the rapidly changing landscape of the oil and gas industry, where transparency and honesty in business practices are paramount.

In conclusion, shareholders of Civitas Resources are urged to take action to safeguard their investments and seek justice for any losses suffered during the specified period. The industry landscape is fraught with risks, and staying informed and proactive is crucial.

Contact Information


For any questions regarding participation in the class action, shareholders may reach out to The Gross Law Firm:

  • - Email: info@grosslawfirm.com
  • - Phone: (646) 453-8903
  • - Address: The Gross Law Firm, 15 West 38th Street, 12th floor, New York, NY, 10018

By participating in this class action, shareholders can take an essential step to defend their rights and push for accountability within the corporate framework.

Topics Financial Services & Investing)

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