Civitas Resources Investors Urged to Join Securities Fraud Lawsuit Before Deadline

Civitas Resources Investors Urged to Take Action

Civitas Resources, Inc. (NYSE: CIVI) has been in the spotlight following allegations of securities fraud. Investors who have experienced losses of over $100,000 from February 27, 2024, to February 24, 2025, have the opportunity to lead a class action lawsuit against the company. This legal action is spearheaded by the Rosen Law Firm, a worldwide leader in investor rights.

Key Information for Investors

According to Rosen Law Firm, potential plaintiffs are reminded that the deadline to apply as a lead plaintiff in this class-action lawsuit is July 1, 2025. If you purchased shares of Civitas during the specified time frame, you may be entitled to compensation without any direct legal fees, thanks to a contingency fee arrangement.

What You Should Do Next

To join the class action, interested parties should visit Rosen Legal's official site or contact Phillip Kim, Esq. at 866-767-3653 for more information. Joining the lawsuit could help you recover losses as the case moves forward. However, to qualify for the lead plaintiff role, action must be taken by the set deadline.

Allegations Against Civitas Resources

The lawsuit claims that throughout the class period, Civitas made several misleading statements and failed to inform investors about the true state of its operations. Key allegations include that:
1. Civitas was likely to significantly reduce its oil production in 2025, stemming from declines at the DJ Basin and insufficient TIL counts at the end of 2024.
2. The company would have to acquire additional acreage, incurring substantial debt and potentially requiring asset sales to cover these costs.
3. A drastic restructuring involving workforce reductions would be necessary due to the financial predicaments facing the company.
4. As a direct consequence, the business's public statements regarding its financial health, operational capabilities, and future prospects were greatly exaggerated and misleading.

Civitas's stock performance has suffered amidst these revelations, leaving investors understandably concerned about their investments and future opportunities for recovery.

Selecting the Right Legal Counsel

The Rosen Law Firm emphasizes the importance of selecting qualified legal guidance in such cases, noting that many firms, while issuing public notices, may lack the necessary experience or resources to effectively represent investors. The firm itself has a proven track record, including some of the largest settlements in securities class action history.

Previous Achievements

Founded on the principles of protecting investor rights, Rosen Law Firm has successfully recovered hundreds of millions of dollars for investors. In 2019, the firm obtained over $438 million in settlements. They consistently rank as a top firm in terms of securities class action settlements, indicating their profound capabilities and expertise in this domain.

Stay Informed

Investors are encouraged to follow updates on social media platforms such as LinkedIn, Twitter, and Facebook for ongoing information and guidance regarding the lawsuit. This persistent engagement can prove vital as the situation evolves and as more details come to light.

If you believe this applies to you or someone you know, now is the time to act and ensure your voice is heard in this significant legal matter regarding Civitas Resources.