Civitas Resources, Inc. Class Action: How Investors Can Seek Justice

Overview of the Class Action

On May 13, 2025, Levi & Korsinsky, LLP announced a class action lawsuit against Civitas Resources, Inc. (NYSE: CIVI), aimed at protecting investors experiencing losses due to alleged securities fraud. This legal action specifically addresses grievances from shareholders who were impacted between February 27, 2024, and February 24, 2025. The firm is inviting affected investors to join the lawsuit, which presents an opportunity for compensation depending on the progression of the case.

Class Definition and Legal Basis

The lawsuit has a clear objective: to recover financial losses for investors misled by Civitas Resources' public statements. The allegations highlight that the company was likely to cut down its oil production in 2025. Factors contributing to this potential reduction included a production peak observed at the DJ Basin in late 2024 and a lack of new drilling locations. The lawsuit claims that increasing oil output would necessitate additional acquisitions and the taking on of substantial debt, further exacerbating the company's precarious financial situation. As a result, it is argued that the operational capabilities and financial prospects of Civitas Resources have been overstated, misleading investors in the process.

Next Steps for Investors

Investors who believe they have suffered losses should act promptly, as the deadline to request lead plaintiff status in the class action is July 1, 2025. However, it is important to note that participation in any potential compensation does not necessitate serving as a lead plaintiff. All class members are entitled to compensation without incurring any out-of-pocket expenses.

Levi & Korsinsky's Expertise

Levi & Korsinsky boasts an impressive track record over the past 20 years, successfully winning hundreds of millions of dollars for wronged shareholders. With a dedicated team of over 70 professionals, they specialize in navigating complex securities litigation. Their reputation precedes them; for seven consecutive years, the firm has been recognized as one of the top securities litigation firms in the United States, according to ISS Securities Class Action Services' Top 50 Report.

How to Get Involved

For those interested in participating in this class action, they can take several steps:
1. Contact Levi & Korsinsky: Those who believe they meet the criteria or have inquiries can reach out via email at [email protected] or by calling (212) 363-7500.
2. Submit Information: A detailed guide and form for submission can be accessed through the firm's website, ensuring potential class members can easily contribute their information to the case.
3. Stay Informed: It's beneficial to stay updated with the case's progression and any new developments regarding Civitas Resources.

Conclusion

This class action represents not just a legal recourse for aggrieved investors of Civitas Resources but also an opportunity for accountability in the corporate sector. By taking action, investors can not only seek monetary recovery but also advocate for transparency in the management of public companies.

As the July 1, 2025 deadline approaches, interested parties are encouraged to consult with legal experts and consider their options carefully. Understanding one’s rights and avenues for recovery is essential in the complex landscape of securities litigation.