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

Important Notice for Civitas Resources Investors

Civitas Resources, Inc., traded on the NYSE under the ticker symbol CIVI, is currently facing a significant class action lawsuit orchestrated by Levi & Korsinsky, LLP. This notification serves as a critical advisory for investors of Civitas Resources to act promptly before the deadline of July 1, 2025, to assert their rights in this matter.

Overview of the Class Action

The class action lawsuit seeks to address alleged securities fraud that has adversely affected Civitas Resources investors between February 27, 2024, and February 24, 2025. This is a concerning period during which substantial financial disclosures and company performance results came into question.

Basis of the Allegations

The key allegations include:
1. Production Decrease: There is a high probability that Civitas will significantly reduce its oil production in 2025 due to decreased output from its operations, particularly in the DJ Basin, which peaked in the fourth quarter of 2024.
2. Financial Assumptions: To maintain or increase production levels, Civitas would incur considerable debt to acquire additional acreage and development locations, which may not be feasible under current market conditions. This situation raises alarms about the sustainability of their financial strategies.
3. Cost Reduction Measures: The company may need to implement extensive cost-cutting measures, potentially leading to workforce reductions, which could destabilize its operations and further harm investor interests.
4. Misleading Statements: Investors allege that Civitas’s public statements on its business and financial conditions were materially false and misleading. This kind of misleading information may have contributed to poor investment decisions taken by stakeholders.

What Should Investors Do?

For those who have sustained losses during the specified time frame, it’s crucial to reach out and formally request the Court appoint you as lead plaintiff in the ongoing litigation. It is imperative to remember that participation in the class action does not necessitate serving as a lead plaintiff to qualify for potential recovery.

No Costs for Participation

A significant advantage for class members is the no-cost clause; participation entails no out-of-pocket expenses or fees. The legal team at Levi & Korsinsky is committed to advocating on behalf of investors without requiring upfront financial commitments.

Levi & Korsinsky Expertise

With over 20 years of experience, Levi & Korsinsky has a strong track record of securing substantial recoveries for shareholders. The firm has built a reputation for successfully handling high-stakes securities litigation, highlighted by its persistent ranking in the Top 50 Report by ISS Securities Class Action Services.

Contact Information

To explore your options or for more information, Civitas investors can contact:

• - Joseph E. Levi, Esq.

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

• - Ed Korsinsky, Esq.

Address: Levi & Korsinsky, LLP
33 Whitehall Street, 17th Floor
New York, NY 10004

In conclusion, if you are an investor in Civitas Resources, Inc., do not hesitate to pursue your rights and potentially recover any losses associated with this challenging time. The deadline is fast approaching, and it is in your best interest to act immediately.