#United States #New York #Class Action #Levi & Korsinsky #Civitas Resources

Levi & Korsinsky Files Class Action Lawsuit on Behalf of Civitas Resources, Inc. Investors

In a significant development for shareholders of Civitas Resources, Inc. (NYSE: CIVI), the well-regarded law firm Levi & Korsinsky, LLP has announced a class action lawsuit against the company. This move addresses long-standing concerns about alleged securities fraud impacting investors during a critical time frame from February 27, 2024, to February 24, 2025.

Understanding the Allegations

The lawsuit is centered around claims that Civitas Resources may have misled investors regarding its operational and financial health. Specifically, it is alleged that the company was likely to face a substantial decrease in oil production attributed to a peak production decline at the DJ Basin, as well as a low completion count at the 2024 year's end. These operational setbacks raised serious questions about Civitas's claims surrounding its growth potential and profitability.

At the crux of the lawsuit are claims that Civitas's public statements were not only misleading but materially false. These misleading statements painted an overly optimistic picture of the company's prospects, potentially influencing investment decisions by shareholders during that period. As a result, many investors may have suffered financial losses attributed to relying on Civitas's optimistic public communications.

Crucial Dates and What Investors Need to Know

For investors who believe they were affected by these events, critical deadlines are fast approaching. Shareholders have until July 1, 2025, to apply for lead plaintiff status within the ongoing litigation. It's vital to understand that joining the class action—and thus potentially sharing in any financial recovery—does not require someone to take on the lead plaintiff role.

Levi & Korsinsky emphasizes that there are no out-of-pocket costs for class members to participate in this legal action. Investors who join the action can seek compensation related to losses suffered due to the alleged fraudulent activities of Civitas during the specified timeframe.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has built a robust reputation over the past two decades in representing aggrieved shareholders and securing substantial recoveries in complex securities litigation. This firm boasts over 70 employees dedicated to serving clients' needs and maintaining a strong track record in high-stakes legal battles across varied industries. Notably, for the last seven consecutive years, the firm has ranked among the top securities litigation firms in the United States, as recognized by ISS Securities Class Action Services.

As a trusted advocate for shareholders, Levi & Korsinsky is committed to navigating the intricacies of securities fraud claims with diligence and expertise. The firm's commitment to their clients' best interests has made them a prominent player in the legal space, seeking justice and accountability for those adversely affected.

How to Get Involved

For individuals who believe they might be entitled to recover losses related to Civitas Resources, you can find more information about joining this class action through the online form provided by Levi & Korsinsky. Interested investors can reach out directly to Joseph E. Levi, Esq. via email or telephone for further assistance.

Given the allegations laid out in this lawsuit, impacted investors must stay informed about their rights and options. Collaborating with experienced legal professionals like those at Levi & Korsinsky can pave the way for effective recourse and support towards achieving justice in the face of corporate misconduct.

For any investor looking for more details or assistance, feel free to reach the firm at the following contact information:

• - Email: [email protected]
• - Phone: (212) 363-7500

Stay vigilant and informed as this lawsuit unfolds, ensuring every effort is made to advocate for the rights of shareholders while holding companies accountable for their public disclosures.