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INVESTOR ALERT: Holzer & Holzer, LLC Reminds Investors of July 1, 2025 Lead Plaintiff Deadline in the Civitas Resources, Inc. (CIVI) Securities Class Action – Investors With Significant Losses Encouraged to Contact the Firm
Civitas ResourcesCivitas Resources(US:CIVI) GlobeNewswire News Room·2025-06-26 18:05

Core Viewpoint - A shareholder class action lawsuit has been filed against Civitas Resources, Inc. alleging misleading statements and failure to disclose adverse information regarding its business and operations [1] Group 1: Allegations in the Lawsuit - The lawsuit claims that Civitas is likely to significantly reduce its oil production in 2025 due to declines following the production peak at the DJ Basin in Q4 2024 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 to offset acquisition costs [1] - The financial condition of Civitas may necessitate disruptive cost-reduction measures, including a significant workforce reduction [1] - Consequently, the lawsuit asserts that Civitas's business and financial prospects, as well as its operational capabilities, were overstated [1]