Attention Shareholders of Civitas Resources: Class Action Update and Your Rights

Important Notice for Civitas Resources Shareholders

If you invested in shares of Civitas Resources, Inc. (NYSE: CIVI) during the specified class period, this announcement is crucial for you. The Gross Law Firm is reaching out to inform shareholders about a pending class action that may pertain to your financial losses. Below are key details regarding the case and the actions you may wish to consider.

Class Action Overview

The class action is focused on shareholders who acquired CIVI shares between February 27, 2024, and February 24, 2025. If you fall within this range, it is in your best interest to contact The Gross Law Firm as soon as possible.

Allegations Against Civitas Resources

The core allegations against Civitas highlight several significant issues:
1. Production Decline: It is alleged that Civitas was on the brink of a notable reduction in oil production for 2025 due to declines observed after reaching a peak in the fourth quarter of 2024 at the DJ Basin.
2. Debt Accumulation: To maintain or increase oil production, the company may need to acquire additional land and drilling locations, potentially leading to substantial debt and necessitating asset divestiture.
3. Cost-Cutting Measures: To address its challenging financial condition, Civitas may be forced to adopt severe cost reductions, including workforce layoffs.
4. Misleading Statements: As a result of these challenges, Civitas's public assertions regarding its business and financial health are believed to have been materially misleading.

These allegations raise concerns not only about the company’s operations but also about transparency and corporate governance.

Registration and Deadlines

If you are a shareholder affected by these circumstances, it is important to register your information by July 1, 2025, to ensure your rights are protected in this class action. Registration can be accomplished through the following link:
Register Here
Once your registration is completed, you will gain access to portfolio monitoring software, allowing you to receive updates on the status of the case and stay informed as developments occur.

Why You Should Contact The Gross Law Firm

The Gross Law Firm is recognized nationwide for its dedication to protecting investors' rights. Their mission is to fight against fraudulent practices and to hold companies accountable for misleading their stakeholders. By joining this class action, you will not incur any fees or obligations to participate, making it a risk-free opportunity to seek potential recovery for your investments.

Final Steps

If you are concerned about your investment in Civitas Resources or have questions regarding the class action, do not hesitate to reach out to The Gross Law Firm. You can contact them at:
Address: 15 West 38th Street, 12th floor, New York, NY, 10018
Email: info@grosslawfirm.com
Phone: (646) 453-8903

In conclusion, taking timely action could safeguard your interests as a shareholder of Civitas Resources, Inc. We encourage all affected parties to consider participating in this important class action and to advocate for your rights as an investor.