Core Viewpoint - A class action lawsuit has been filed against Civitas Resources, Inc. for alleged violations of federal securities laws, specifically regarding misleading statements about oil production and financial conditions [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Civitas made false and misleading statements about the likelihood of a reduction in oil production for 2025, particularly due to declines after the production peak at the DJ Basin [2]. - To increase production, Civitas would need to acquire new development locations, which could lead to significant debt [2]. - The company may have to implement cost-reduction measures, including layoffs, due to its financial condition [2]. Group 2: Shareholder Information - Shareholders who purchased Civitas securities between February 27, 2024, and February 24, 2025, are encouraged to contact the law firm before July 1, 2025, to participate in the lawsuit [1][3].
CIVI Shareholders Have the Right to Lead the Civitas Resources, Inc. Securities Lawsuit - Contact the DJS Law Group to Discuss Your Rights - CIVI