CIVI LAWSUIT ALERT: The Gross Law Firm Notifies Civitas Resources, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

Core Viewpoint - Civitas Resources, Inc. is facing allegations of misleading shareholders regarding its oil production capabilities and financial health, leading to a potential class action lawsuit [3][4]. Group 1: Allegations Against Civitas Resources - Civitas is likely to significantly reduce its oil production in 2025 due to declines following a production peak at the DJ Basin in Q4 2024 and a low TIL count at the end of 2024 [3]. - Increasing oil production would necessitate acquiring additional acreage and development locations, which could incur significant debt and require the sale of corporate assets to offset acquisition costs [3]. - The company's financial condition may force it to implement disruptive cost reduction measures, including significant workforce reductions [3]. - As a result, Civitas's business and financial prospects, as well as its operational capabilities, were overstated, leading to materially false and misleading public statements [3]. Group 2: Class Action Details - The class period for the lawsuit is from February 27, 2024, to February 24, 2025, with a deadline for shareholders to register by July 1, 2025 [3][4]. - Shareholders who register will be enrolled in a portfolio monitoring software to receive status updates throughout the case lifecycle [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by false or misleading statements that led to artificial inflation of stock prices [5].