#United States #New York #Gross Law Firm #Lead Plaintiff #Civitas Resources

Important Notice for Civitas Resources Shareholders

The Gross Law Firm has issued a crucial reminder to shareholders of Civitas Resources, Inc. (NYSE: CIVI) regarding a significant deadline in an ongoing class action lawsuit. Shareholders who acquired CIVI shares during the designated class period, from February 27, 2024, to February 24, 2025, are encouraged to contact the firm immediately to discuss the possibility of a lead plaintiff appointment. Notably, becoming a lead plaintiff is not a prerequisite for participating in any potential recovery from the lawsuit.

Allegations Against Civitas

The core allegations in this lawsuit center around the significant likelihood that Civitas would dramatically reduce its oil production in 2025. According to the notice issued by the Gross Law Firm, the following points outline the basis of these allegations:

1. Production Decline: There is a strong indication that Civitas's oil production capacity would decline due to diminishing yields post-peak production at the DJ Basin in the fourth quarter of 2024. Additionally, a low TIL (Total Instantaneous Load) count at the close of 2024 raises concerns about production.

2. Financial Strain: To boost oil production, Civitas would need to acquire more acreage and development locations, leading to substantial debt. This financial strain could compel the company to liquidate corporate assets to cover acquisition costs.

3. Workforce Reduction: The company's financial health would necessitate implementing drastic cost-cutting measures, likely involving significant layoffs, thereby placing further strain on its operational capabilities.

4. Misleading Statements: The allegations suggest that Civitas’s financial prospects, business plans, and operational capabilities were overstated in public communications, resulting in materially false or misleading information circulating in the market.

Why Act Now?

Shareholders have until July 1, 2025 to register for this class action. It is crucial for anyone who has purchased shares of CIVI within the specified timeframe to not delay in making their voices heard and to seek registration for the case. By registering, shareholders will also gain access to portfolio monitoring software that provides updates on the lawsuit's status.

For interested parties seeking to take part in this action, it is important to understand that participation in the lawsuit is free of charge and obligation. Shareholders can register their information and learn more about the process through the link provided in the notice.

The Role of Gross Law Firm

The Gross Law Firm is widely recognized as a reputable class action law firm, dedicated to advocating for the rights of investors who have faced losses due to deceptive practices, fraud, and other unlawful business actions. Their mission is to promote responsible business practices and corporate accountability, ensuring that companies uphold ethical standards in their operations.

In this case, the Gross Law Firm aims to secure recoveries for those who suffered financial losses due to the poor disclosures made by Civitas Resources. Their commitment ensures that shareholder rights are protected and that affected investors have a path towards potential recovery.

For further assistance, shareholders can reach out to the Gross Law Firm directly using the contact information provided below:

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

In conclusion, for all Civitas Resources shareholders, the impending lead plaintiff deadline of July 1, 2025, represents a critical opportunity to respond actively to the ongoing lawsuit. Staying informed and engaged is key to navigating these complex legal waters.