ROSEN, A TOP-RANKED FIRM, Encourages Civitas Resources, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - CIVI

Core Viewpoint - Civitas Resources, Inc. is facing a class action lawsuit due to allegedly misleading statements regarding its oil production and financial condition during the specified class period from February 27, 2024, to February 24, 2025 [1][3]. Group 1: Class Action Details - The Rosen Law Firm is reminding investors who purchased Civitas securities during the class period of the July 1, 2025, deadline to become a lead plaintiff in the class action [1][2]. - The lawsuit claims that Civitas made materially false statements and failed to disclose significant risks, including a likely reduction in oil production and the need for substantial debt to acquire additional acreage [3]. Group 2: Allegations Against Civitas - Allegations include that Civitas would significantly reduce oil production in 2025 due to declines in the DJ Basin and low TIL counts [3]. - The company’s financial condition was said to necessitate disruptive cost-reduction measures, including workforce reductions, which were not disclosed to investors [3]. - The lawsuit asserts that Civitas overstated its business and financial prospects, leading to investor damages when the true situation became known [3]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and being recognized for its success in the field [4]. - The firm emphasizes the importance of selecting qualified legal counsel with experience in leading securities class actions [4].