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CIVI FINAL DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Civitas Resources, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action - CIVI
CIVICivitas Resources(CIVI) GlobeNewswire News Room·2025-06-15 19:41

Core Viewpoint - Civitas Resources, Inc. is facing a class action lawsuit due to alleged misleading statements regarding its oil production and financial condition during the class period from February 27, 2024, to February 24, 2025 [1][3]. Group 1: Class Action Details - The Rosen Law Firm is reminding investors of the July 1, 2025, deadline to become a lead plaintiff in the class action against Civitas Resources [1][2]. - Investors who purchased Civitas securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1][2]. Group 2: Allegations Against Civitas - The lawsuit claims that Civitas made materially false and misleading statements, failing to disclose significant reductions in oil production expected in 2025 due to declines in the DJ Basin and low TIL counts [3]. - It is alleged that increasing oil production would require Civitas to incur significant debt and sell corporate assets, which would disrupt its financial condition and lead to workforce reductions [3]. - The lawsuit asserts that Civitas' public statements regarding its business and financial prospects were overstated, resulting in investor damages when the true details were revealed [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 has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].