Civitas Resources, Inc. Shareholders Must Act by July 1, 2025, to Protect Their Rights

Urgent Action Required for Civitas Resources Investors

Shareholders of Civitas Resources, Inc. (NYSE: CIVI) are being urged to take immediate action as they may be eligible to secure potential compensation stemming from a class action securities lawsuit. Filed by the law firm Levi & Korsinsky, this lawsuit targets investors who may have been impacted by alleged fraudulent activities between February 27, 2024, and February 24, 2025.

Understanding the Class Action Lawsuit

The lawsuit is part of ongoing efforts to hold accountable those responsible for misleading the investors regarding the financial prospects and operational capabilities of Civitas Resources. Detailed allegations suggest that the company's public messages significantly overstated the health and performance of its business, which led to several unforeseen consequences:

1. Significant Production Decline: Civitas was reportedly poised to reduce its oil production significantly in 2025 due to production peaks and low TIL counts. This decline raises concerns about the company’s ability to meet its operational targets.
2. Increasing Debt: To ramp up production, Civitas might need to acquire additional acreage, which comes with substantial financial implications, including potential debt and asset sales.
3. Cost Reductions: Recent evaluations indicate that the company would require disruptive cost-cutting measures, including workforce reductions, further jeopardizing its reputation and operational stability.
4. Misleading Statements: Throughout this period, the company's public statements were allegedly false and misleading, failing to represent its actual financial and operational condition.

How to Get Involved

For those who suffered financial losses during the specified period, it is essential to act quickly. Shareholders have until July 1, 2025, to request that the court appoint them as lead plaintiffs. However, participation in potential recovery does not necessitate serving as a lead plaintiff.

You are encouraged to connect directly with Levi & Korsinsky by reaching out to Joseph E. Levi, Esq., via email at [email protected] or by calling (212) 363-7500. Your participation is at no cost; if you qualify as a class member, you can seek compensation without any out-of-pocket expenses.

The Importance of Expert Representation

Levi & Korsinsky has a solid track record, securing hundreds of millions for investors in similar situations over the past two decades. Recognized as one of the leading securities litigation firms in the United States, they have a dedicated team to guide affected shareholders through this complex legal landscape.

Conclusion

If you’re a shareholder of Civitas Resources, now is the time to explore your rights and options thoroughly. The looming deadline of July 1, 2025, reinforces the urgency behind taking action. For more information and to learn how best to proceed, connect with Levi & Korsinsky and ensure your voice as a shareholder is heard in this critical situation.