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ROSEN, A LEADING LAW FIRM, Encourages Civitas Resources, Inc. Investors to Inquire About Securities Class Action Investigation - CIVI
LAWCS Disco(LAW) GlobeNewswire News Room·2025-03-29 03:31

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 Class Action - Shareholders of Civitas Resources may be entitled to compensation through a class action without any out-of-pocket fees, as the Rosen Law Firm prepares to seek recovery of investor losses [2]. - Investors can join the prospective class action by submitting a form or contacting the law firm directly [2]. Group 2: Financial Performance and Impact - On February 24, 2025, Civitas Resources reported earnings that missed estimates by 0.16,withquarterlyrevenueof0.16, with quarterly revenue of 1.29 billion, falling short of the consensus estimate of 1.3billion[3].Followingtheearningsreport,Civitasannouncedtheterminationofitschiefoperatingofficerandchieftransformationofficer,whichcontributedtoan181.3 billion [3]. - Following the earnings report, Civitas announced the termination of its chief operating officer and chief transformation officer, which contributed to an 18% drop in the stock price on February 25, 2025 [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 being recognized as a leader in the field [5]. - The firm has recovered hundreds of millions of dollars for investors, including over 438 million in 2019 alone [5].