Shareholders of Civitas Resources, Inc. Encouraged to Join Class Action for Recovery

Join the Class Action Against Civitas Resources, Inc.

Civitas Resources, Inc. (NYSE: CIVI) has recently been the center of attention for investors as The Gross Law Firm announces a class action lawsuit aimed at recovering losses for shareholders. If you purchased shares of Civitas during the specified class period, this is a vital opportunity for you to seek compensation.

What Happened?

The period of concern stretches from February 27, 2024, to February 24, 2025. Allegations have emerged that Civitas was likely to significantly decrease its oil production in 2025. This projected decline stems from declining output in the DJ Basin, following a reported production peak during the fourth quarter of 2024, alongside a low Total Identified Location (TIL) count at the end of 2024.

Additionally, the company would have needed to acquire more land and development locations to boost oil production, which in turn would incur substantial debt. This necessity for borrowing may have led to asset sales by the company, putting further strain on its financial stability. Reports have indicated that such actions could culminate in significant layoffs as part of drastic cost-cutting measures. Consequently, these complex factors together suggest that the operational capabilities and financial forecasts of Civitas were excessively optimistic, pulling the rug from under shareholders when the truth emerged.

Deadline for Participation

It's essential for interested shareholders to act promptly, as the deadline to join this class action is set for July 1, 2025. Time is of the essence! Registering is simple, and shareholders can secure their positions by entering their information through a form provided by the law firm. This step is crucial for those who may consider taking on the role of lead plaintiff, although doing so is not a prerequisite for joining the action.

Benefits of Joining the Suit

By joining this class action, shareholders will not only have the opportunity to recover losses potentially incurred during the aforementioned class period but also stay informed on the case's status. Once registered, shareholders will gain access to a portfolio monitoring service that will update them over the entire lifecycle of the litigation.

There is no upfront cost or obligation to share in the recovery; by simply registering, shareholders can ensure their claims are represented.

Why Choose The Gross Law Firm?

The Gross Law Firm is a well-established name in the realm of class action lawsuits. With a commitment to safeguarding the rights of investors, the firm’s mission revolves around tackling deceit, fraud, and unethical business practices that adversely affect shareholders. Investors can rest assured that the firm is dedicated to urging corporations to uphold responsible business protocols and engage in ethical dealings.

The firm's attorneys are fully prepared to take on the challenge of representing the interests of all investors who encounter financial losses due to misleading statements or missing critical information from companies like Civitas Resources.

Contact Information

If you're a shareholder of Civitas Resources, you are urged to contact The Gross Law Firm at:

- Phone: (646) 453-8903
- Email: [email protected]
- Address: 15 West 38th Street, 12th floor, New York, NY 10018

Join the fight for your rights as a shareholder today and stand a chance for recovery from your investment losses with the help of The Gross Law Firm. Act now, secure your future!