#USA #New York #Securities Fraud #Rosen Law Firm #Civitas Resources

Civitas Resources Investors Urged to Join Securities Class Action Lawsuit

On May 28, 2025, the Rosen Law Firm, renowned for its focus on investor rights, announced an important reminder for individuals who purchased securities of Civitas Resources, Inc. (NYSE: CIVI) between February 27, 2024, and February 24, 2025. The firm emphasizes that the deadline to establish oneself as a lead plaintiff in this class action lawsuit falls on July 1, 2025.

Understanding the Class Action

If you were a buyer of Civitas Resources securities during the defined period, you might have a claim to compensation without the requirement of upfront legal fees, thanks to a contingency fee arrangement. The Rosen Law Firm encourages you to consider signing up for this legal representation, as a lawsuit has already been filed against Civitas Resources. To take action, interested parties can fill out a form on the law firm's website or reach out directly via phone or email.

The Case Details

According to the lawsuit, there are serious allegations of misconduct during the Class Period. The accusations indicate that Civitas Resources executed materially misleading statements while also failing to disclose significant realities about their oil production forecasts. Notably, it is claimed that Civitas was poised to substantially decrease its oil production in 2025 for several reasons, including predicted declines after reaching production peaks in late 2024 and a low total inventory listing count by the end of 2024.

Additionally, any increase in production might necessitate the acquisition of new acreage and development locations, potentially incurring substantial debt for the company. Such actions could lead to asset divestments needed to finance these acquisitions. Furthermore, it is alleged that the company may have had to implement severe cost-cutting measures, including significant layoffs, to stabilize its financial situation. The lawsuit claims that these conditions resulted in Civitas's business outlook and operational abilities being grossly exaggerated in public statements, thus misleading investors.

Why Choose Rosen Law Firm?

The Rosen Law Firm prides itself on being a leader in the field of securities class actions, urging investors to exercise caution when selecting legal counsel. Their history showcases a portfolio filled with notable achievements in this area, making them a reliable option for those involved. For instance, the firm garnered the largest settlement in a securities class action against a Chinese company at that time and has consistently ranked among the top for securing settlements since 2013, recovering hundreds of millions of dollars for investors across various cases.

Rosen Law Firm seeks to represent global investors, focusing primarily on securities class actions and shareholder derivative lawsuits. The firm's credentials include top rankings from ISS Securities Class Action Services, and their success is underscored by the recognition of their founding partner as a Titan of the Plaintiffs’ Bar by law360.

Next Steps for Investors

For those interested in participating in the Civitas Resources class action, action is necessary soon, as the lead plaintiff deadline approaches. Visit the official Rosen Law Firm webpage or contact Phillip Kim, Esq. directly to gather more information on this case. You can also keep informed about pertinent updates regarding the law firm through platforms like LinkedIn, Twitter, or Facebook.

This class action presents an essential opportunity for investors impacted by Civitas Resources to participate in a collective and coordinated pursuit of justice. Given the significance of the lawsuit, timely action will be critical for potential claimants.