INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of Civitas Resources, Inc. (CIVI) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm
Civitas ResourcesCivitas Resources(US:CIVI) GlobeNewswire News Room·2025-05-05 15:30

Core Points - A shareholder class action lawsuit has been filed against Civitas Resources, Inc. alleging materially false and misleading statements regarding the company's business and operations [1] - The lawsuit claims that Civitas is likely to significantly reduce its oil production in 2025 due to declines following a production peak at the DJ Basin and a low turned-in-lines count at the end of 2024 [1] - It is alleged that increasing oil production would require Civitas to acquire additional acreage and development locations, leading to significant debt and potential asset sales [1] - The financial condition of Civitas may necessitate disruptive cost-reduction measures, including a significant workforce reduction [1] - The lawsuit asserts that Civitas's business and financial prospects, as well as its operational capabilities, were overstated [1] Legal Context - Shareholders who purchased Civitas shares between February 27, 2024, and February 24, 2025, and suffered significant losses are encouraged to discuss their legal rights [2] - The deadline to request appointment as lead plaintiff in the case is July 1, 2025 [3] - Holzer & Holzer, LLC is a law firm specializing in securities litigation and has a history of recovering significant amounts for shareholders affected by corporate misconduct [3]