Civitas Resources Investors Can Join Class Action Lawsuit Over Major Losses

Civitas Resources Investors: A Call to Action

In a significant development for investors affected by financial losses in Civitas Resources, Inc. (NYSE: CIVI), the renowned law firm Robbins Geller Rudman & Dowd LLP has made a compelling announcement concerning class action lawsuits. Investors who acquired Civitas securities between February 27, 2024, and February 24, 2025, are encouraged to seek appointment as lead plaintiffs before the deadline on July 1, 2025. This opportunity arises as Civitas has faced serious allegations of deceit that have affected stakeholders considerably.

Background of Civitas Resources

Civitas Resources operates primarily within the exploration and production segments of the oil sector, specifically focusing on crude oil and natural gas in the rich Denver-Julesburg (DJ) and Permian Basins. The firm has shown a steady performance throughout 2024, with an increase in operational oil wells. However, allegations have surfaced that Civitas' public portrayals of its operational health and future production capabilities have been misleading.

Allegations Highlighted by the Class Action Lawsuit

The class action lawsuit asserts that Civitas and certain top executives failed to disclose critical information that could adversely affect investment decisions. Plaintiffs allege that the company was poised to make a drastic reduction in oil production for 2025 due to the natural decline following peak production levels. Moreover, Civitas allegedly needed to engage in significant asset sales and increase its debt load to sustain its operations, which were misrepresented to investors.

Significant missteps included a revenue miss of $3.44 million and a non-GAAP earnings per share deficit of $0.21 reported in February 2025. Furthermore, the company's forecast indicated a year-over-year average production decline of approximately 4%, which contradicted earlier optimistic projections. The ramifications of these announcements caused Civitas' stock to plummet by over 18% – resulting in substantial losses for numerous investors.

How to Participate in the Class Action

Investors who believe they have suffered losses during the class period are urged to consider becoming lead plaintiffs in the class action lawsuit titled Lin v. Civitas Resources, Inc., filed under case number 25-cv-03791 in the District of New Jersey. The Private Securities Litigation Reform Act of 1995 allows those individuals with the largest financial stake in the case to guide the proceedings on behalf of the class. This lead plaintiff will have the capacity to choose the legal representation for the class action.“

Interested investors can contact Robbins Geller directly at 800-449-4900 or visit their official website to provide necessary information for the class action. It is emphasized that participating in this capacity does not negate an investor’s potential to recover damages even if they do not become the lead plaintiff.

About Robbins Geller Rudman & Dowd LLP

Robbins Geller is recognized as one of the leading law firms in the realm of securities fraud and shareholder litigation. With a strong commitment to securing justice for investors, they have historically achieved over $2.5 billion in recoveries for clients in 2024 alone, reflecting their capability to handle significant securities class actions successfully. The firm’s reputation is built on their impressive track record and dedication to advocating for injured investors.

If you are a Civitas investor feeling the impact of these events, don’t hesitate to take action that could potentially secure your rightful compensation. As the situation unfolds, staying informed and proactive will be crucial for all affected investors.