Upcoming Class Action for Civitas Resources Shareholders: Join Before July 1, 2025

Important Notice for Civitas Resources Shareholders

The Gross Law Firm has issued a critical notice for shareholders of Civitas Resources, Inc. (NYSE: CIVI) as part of an impending class-action lawsuit. This announcement serves as an opportunity for shareholders who purchased shares in the company to potentially recover their losses.

Background of the Lawsuit

The shareholders who acquired shares of Civitas Resources during the class period, which spans from February 27, 2024, to February 24, 2025, are particularly encouraged to reach out to the Gross Law Firm. The main allegations against Civitas include significant understatements regarding the company's oil production capabilities and financial projections for 2025.

According to the allegations, Civitas was likely to face substantial reductions in oil production due to various factors, including a production peak in the DJ Basin at the end of 2024 and a low TIL ( wells per drilling location) count at the same time. To sustain or increase production levels, it was purported that Civitas might need to undertake significant land acquisitions, potentially incurring substantial debt and prompting asset sales to cover costs. This raises serious concerns about the company’s claim regarding its financial health.

Additionally, the company's supposed marketing and operational capabilities were deemed overstated, further contributing to misleading public statements that have material implications for investors. The result has been an artificial inflation of Civitas' stock, adversely impacting shareholders.

Call to Action for Shareholders

The deadline to join this class action as a lead plaintiff is set for July 1, 2025. Timing is crucial—shareholders are advised to register their information promptly. After registering, they will be enrolled in a portfolio monitoring system, which will provide updates throughout the lawsuit's lifespan.

Participation carries no financial obligation or upfront costs for shareholders, making it essential for anyone affected to act swiftly.

If you are a shareholder seeking more information or wanting to contribute to the case, you can find registration details through the following link: Civitas Resources Loss Submission Form

Why Choose The Gross Law Firm?

The Gross Law Firm has established itself as a prominent player in class action litigation, representing numerous investors harmed by corporate fraud and deceptive practices. The firm's mission focuses on safeguarding investor rights and ensuring companies maintain ethical standards in their operations. With a solid commitment to recovering losses for affected shareholders, the Gross Law Firm underscores the importance of responsible corporate citizenship.

As the July 1 deadline approaches, it is crucial for investors to remain informed and vigilant. For further inquiries or updates from the Gross Law Firm, shareholders can reach them via email at email or by calling (646) 453-8903.

Join this class action to safeguard your investments and hold companies accountable for their actions. Don't let the deadline pass without securing your position in this important lawsuit.