ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Civitas Resources, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - CIVI

Group 1 - The Rosen Law Firm is reminding purchasers of Civitas Resources, Inc. securities from February 27, 2024, to February 24, 2025, about the lead plaintiff deadline of July 1, 2025 [1][2] - Investors who purchased Civitas Resources securities may be entitled to compensation through a contingency fee arrangement, meaning no out-of-pocket fees or costs [1][3] - A class action lawsuit has been filed against Civitas Resources, alleging that the company made materially false and misleading statements regarding its oil production and financial condition [3][4] Group 2 - The lawsuit claims that Civitas was likely to significantly reduce its oil production in 2025 due to declines following a production peak in the DJ Basin and low TIL count at the end of 2024 [3] - It is alleged that increasing oil production would require Civitas to incur significant debt and sell corporate assets, leading to a need for disruptive cost-reduction measures, including workforce reductions [3] - The lawsuit asserts that Civitas' public statements were false and misleading, resulting in damages to investors when the true details became known [3]