Opportunity for Civitas Resources Investors
June 3, 2025 - The
Rosen Law Firm, a well-known global investor rights legal practice, has issued an important reminder for those who purchased securities of
Civitas Resources, Inc. (NYSE: CIVI) during a specified period between
February 27, 2024 and
February 24, 2025. Investors are urged to take note of the upcoming
July 1, 2025, deadline for lead plaintiff applications in a class action lawsuit.
What Investors Need to Know
If you acquired shares of Civitas Resources during the defined class period, you might be eligible for compensation without incurring any upfront costs. This exemption comes through a contingency fee arrangement, meaning you pay only if the case is won.
Next Steps for Investors
To become part of the Civitas Resources class action, investors can either visit the
Rosen Law Firm's website or reach out directly to
Phillip Kim, Esq., who can be contacted toll-free at
866-767-3653. Additionally, inquiries can be directed via email at
info@rosenlegal.com. Note that a class action suit has already been initiated, and anyone desiring to be the lead plaintiff must submit their application by
July 1, 2025. A lead plaintiff represents fellow class members and directs the litigation process.
Case Details
The lawsuit claims that Civitas Resources misled investors by failing to disclose several critical issues, including:
1. A significant
reduction in oil production was likely in 2025 due to declining output at the
DJ Basin earlier in 2024 and a deficient
TIL count at the end of 2024.
2. The company's strategy to increase oil production necessitated further acquisitions, which would incur substantial debt and lead to asset sales.
3. To maintain its financial condition, Civitas was likely to implement severe
cost-cutting measures, including layoffs.
4. These misleading public statements contributed to an overestimation of the firm's business viability and financial outlook.
Why Choose Rosen Law Firm
Rosen Law Firm emphasizes the importance of selecting experienced legal representation. Notably, many advisory firms lack the necessary litigation experience in securities class actions. The firm boasts an impressive track record, including historic settlements against major corporations and a reputation for recovering substantial amounts for investors. In just 2019, Rosen Law Firm secured approximately
$438 million for its clients, highlighting its effectiveness in advocating for shareholder rights.
To explore your eligibility to join the Civitas Resources class action, it is recommended that investors quickly reach out or visit the
Rosen Law Firm's website. Stay updated with the firm by following them on LinkedIn, Twitter, or Facebook for the most recent developments.
Attorney Advertising: Earlier results do not guarantee similar outcomes.
Contact Information
For more information, contact:
- - Laurence Rosen, Esq.
- - Phillip Kim, Esq.
- - Rosen Law Firm, P.A.
- - 275 Madison Avenue, 40th Floor
- - New York, NY 10016
- - Phone: (212) 686-1060
- - Toll Free: (866) 767-3653
- - Fax: (212) 202-3827
- - Email: info@rosenlegal.com
- - Visit: www.rosenlegal.com
This is an essential opportunity for Civitas Resources investors to seek justice and potential financial recovery. Don’t miss out if you're eligible; act before the deadline!