Investors Urged to Join Class Action Against Civitas Resources Inc. for Loss Recovery

Class Action Filed Against Civitas Resources, Inc. (CIVI)

A class action lawsuit has been initiated against Civitas Resources, Inc., listed on the New York Stock Exchange under the ticker symbol CIVI. The Gross Law Firm is leading this effort, aiming to help shareholders recover losses incurred due to previously disclosed misleading information regarding the company's operations.

Background

The lawsuit stems from allegations that Civitas Resources was likely to face a significant reduction in oil production for the year 2025. The plaintiffs assert that this downturn might have been caused by various factors, including anticipated declines following what is believed to be a production peak in the DJ Basin during the last quarter of 2024. Additionally, a low TIL (Total Infrastructure Load) count at the end of the previous year raises concerns about the company's operational capabilities moving forward.

The lawsuit points out that increasing production levels would potentially require Civitas to acquire further acreage and development sites, leading to significant debt. This financial strain could force the company to sell off corporate assets to cover acquisition costs, further diminishing shareholder value.

Adding to the urgency, the suit claims that the company's financial condition may necessitate disruptive cost-cutting measures, including a considerable reduction in its workforce. These factors have collectively contributed to overstatements regarding Civitas's business and financial health, impacting investor trust.

Registration Details

Shareholders of Civitas who purchased stocks between February 27, 2024, and February 24, 2025, are encouraged to register for the class action. The deadline for registration is July 1, 2025, and shareholders do not need to be appointed as lead plaintiffs to seek recovery.

To register, investors can visit the dedicated link provided by the Gross Law Firm, where they will receive updates on the case's status and ongoing developments. Notably, participation in this lawsuit entails no cost or obligation for shareholders.

Why Choose Gross Law Firm?

The Gross Law Firm is a well-respected class action law firm dedicated to safeguarding the rights of investors who have suffered losses due to deceitful or fraudulent business practices. Their commitment to ensuring corporations maintain ethical business practices makes them an ideal candidate to represent affected Civitas shareholders. The firm aims to secure compensation for investors who have experienced losses resulting from the company's misleading public statements and the withholding of critical information.

Conclusion

If you are a shareholder of Civitas Resources, it's crucial to act promptly to ensure your rights are protected. Join this class action lawsuit to seek potential recovery for your losses. For more information, please reach out to the Gross Law Firm at the contact details provided. Don’t let misleading business practices impact your investments without taking action. Act now and secure your financial future with the support of a dedicated legal team.