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CIVI Investors Have Opportunity to Lead Civitas Resources, Inc. Securities Fraud Lawsuit
CIVICivitas Resources(CIVI) Prnewswire·2025-03-20 02:39

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Civitas Resources, Inc. due to allegations of materially misleading business information issued to the investing public [1]. Group 1: Investigation and Claims - Shareholders of Civitas Resources may be entitled to compensation through a class action lawsuit without any out-of-pocket fees or costs [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses [2]. Group 2: Financial Performance and Impact - On February 24, 2025, Civitas Resources reported earnings that missed estimates by 0.16,withrevenueof0.16, with revenue of 1.29 billion compared to the consensus estimate of 1.3billion[3].Followingtheearningsreport,Civitasannouncedtheterminationofitschiefoperatingofficerandchieftransformationofficer[3].ThestockpriceofCivitasResourcesfellby181.3 billion [3]. - Following the earnings report, Civitas announced the termination of its chief operating officer and chief transformation officer [3]. - The stock price of Civitas Resources fell by 18% on February 25, 2025, in response to the news [4]. 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 recognition in the field [5]. - The firm has recovered hundreds of millions of dollars for investors, including over 438 million in 2019 alone [5].