Investors Seek Justice in Civitas Resources, Inc. Securities Fraud Case

Civitas Resources, Inc. Faces Class Action Lawsuit

The Schall Law Firm, a well-regarded national litigation firm that focuses on shareholder rights, has alerted investors about an ongoing class action lawsuit against Civitas Resources, Inc., also known as Civitas or the Company. This legal action aims to address serious allegations of securities fraud, specifically violations of the Securities Exchange Act of 1934. The lawsuit primarily focuses on claims articulated under sections 10(b) and 20(a) of this act, as well as Rule 10b-5 that was established by the U.S. Securities and Exchange Commission (SEC).

Background Information

The class action lawsuit pertains to investors who acquired Civitas securities during a defined period from February 27, 2024, to February 24, 2025. For those who may have suffered financial losses during this time frame, the Schall Law Firm encourages them to reach out before the cutoff date of July 1, 2025. This is an opportunity for affected shareholders to potentially recover their losses.

Accusations Against Civitas

The complaint suggests that Civitas engaged in misleading practices, making statements to the market that were not accurate. According to the allegations, the Company was likely facing a decline in oil production for 2025, particularly due to production declines after reaching a peak at the DJ Basin. This situation would necessitate the acquisition of new development sites to maintain production levels, which could lead to significant financial debt for Civitas. Furthermore, due to adverse financial conditions, it was anticipated that the Company would need to implement cost-cutting measures, which could include layoffs.

These statements allegedly misled investors about Civitas's true financial and operational status throughout the class period. When market participants eventually learned about the challenges Civitas was facing, many investors experienced substantial financial losses.

Participation in the Lawsuit

Investors interested in participating in this lawsuit are encouraged to contact Brian Schall of the Schall Law Firm at their Los Angeles office. They are offered a free consultation to discuss their rights and potential involvement in this lawsuit. It is vital for current shareholders who believe they have been harmed to act quickly, as the class has yet to receive certification, meaning that a lack of action could result in being an absent class member.

The Schall Law Firm is dedicated to representing investors nationwide, specializing in securities class action lawsuits and associated matters. They have made it clear that this press release may fall under attorney advertising regulations in certain jurisdictions.

Conclusion

In light of the ongoing nature of this case and the serious implications for Civitas Resources, Inc., investors are strongly advised to keep informed and consider their options. Acting promptly could provide them a chance to recover losses stemming from their investments in Civitas. If you have experienced a loss, do not hesitate to reach out to the Schall Law Firm for guidance and support in navigating this litigation.

For any additional inquiries or for more information regarding the lawsuit, you can contact the Schall Law Firm or visit their official website at www.schallfirm.com.