CIVI Investors Alert: Join the Class Action Against Civitas Resources' Securities Fraud
CIVI Investors Alert: Join the Class Action Against Civitas Resources
In a significant development for investors of Civitas Resources, Inc. (NYSE: CIVI), a global investor rights law firm, Rosen Law Firm, is reminding those who purchased securities from the company between February 27, 2024, and February 24, 2025, of an important deadline. Investors who have sustained losses exceeding $100,000 during this period now have the opportunity to lead a crucial class-action lawsuit, with a deadline to act by July 1, 2025.
Who Should Consider Joining the Lawsuit?
If you purchased Civitas Resources securities during the specified class period, you may be eligible for compensation. Notably, joining this class action is cost-effective as investors can obtain compensation without incurring out-of-pocket expenses due to a contingency fee arrangement offered by Rosen Law Firm.
What Should Investors Do Next?
To participate in the Civitas Resources class action, investors can visit Rosen Law Firm's website or contact Phillip Kim, Esq. directly via toll-free number 866-767-3653 or by email at [email protected]. It is important to act quickly, as those wishing to serve as lead plaintiffs must file a motion with the court no later than the aforementioned date.
Overview of the Case
The lawsuit against Civitas Resources outlines several serious allegations. Specifically, it claims that the defendants made materially false and misleading statements during the class period, while also failing to disclose critical information regarding the company's operational challenges, which may have misled investors. Key points of concern include:
1. Civitas reportedly faced significant reductions in oil production for 2025 owing to various operational factors, including declining outputs at the DJ Basin.
2. The increase in oil production was contingent on acquiring additional acreage, which would require substantial debt, potentially forcing the company to liquidate assets.
3. Financial strain would necessitate disruptive cost-reduction measures, including layoffs within the company.
4. Overall, the business and financial outlook of Civitas was grossly misrepresented, misleading investors about the company's actual performance metrics.
Why Choose Rosen Law Firm?
Rosen Law Firm encourages investors to seek legal representation that has a proven history in leading plaintiff cases. Many firms that send out notices may not have the appropriate experience or resources for handling securities class actions. Rosen Law Firm has an outstanding track record, including previously securing the largest settlement for a securities class action against a Chinese company and ranking first by ISS Securities Class Action Services for the number of settlements. In the past year alone, the firm recovered hundreds of millions for investors.
Join the Movement
Rosen Law Firm is urging all affected investors to consider their options carefully and make informed decisions. To join the Civitas Resources class action and secure your potential compensation, visit Rosen Law Firm's website for further information or to submit your details.
Stay connected with the latest updates and follow the Rosen Law Firm on their LinkedIn, Twitter, and Facebook pages. Attorney Advertising – past results are not indicative of future outcomes.
For more information, you can reach out to:
- - Laurence Rosen, Esq.
- - Phillip Kim, Esq.
- - The Rosen Law Firm, P.A.
- - Address: 275 Madison Avenue, 40th Floor, New York, NY 10016
- - Phone: 212-686-1060 or Toll-Free: 866-767-3653
- - Email: [email protected]
- - Website: www.rosenlegal.com
Topics Financial Services & Investing）
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