{"id":93956,"date":"2025-05-13T12:47:15","date_gmt":"2025-05-13T12:47:15","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/civi-legal-notice-civitas-resources-inc-shareholders-are-notified-of-imminent-july-1-class-action-deadline-contact-bfa-law-nysecivi\/"},"modified":"2025-05-13T12:47:15","modified_gmt":"2025-05-13T12:47:15","slug":"civi-legal-notice-civitas-resources-inc-shareholders-are-notified-of-imminent-july-1-class-action-deadline-contact-bfa-law-nysecivi","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/civi-legal-notice-civitas-resources-inc-shareholders-are-notified-of-imminent-july-1-class-action-deadline-contact-bfa-law-nysecivi\/","title":{"rendered":"CIVI LEGAL NOTICE: Civitas Resources, Inc. Shareholders are Notified of Imminent July 1 Class Action Deadline \u2013 Contact BFA Law (NYSE:CIVI)"},"content":{"rendered":"
\n

NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP<\/strong><\/a> announces that a lawsuit has been filed against Civitas Resources, Inc. (NYSE: CIVI) and certain of the Company\u2019s senior executives for potential violations of the federal securities laws.<\/p>\n

If you invested in Civitas you are encouraged to obtain additional information by visiting <\/strong>https:\/\/www.bfalaw.com\/cases-investigations\/civitas-resources-inc<\/strong><\/a>.<\/p>\n

Investors have until July 1, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Civitas securities.\u00a0\u00a0 The case is pending in the U.S. District Court for the District of New Jersey and is captioned Lin v. Civitas Resources., et al.<\/em>, No. 25-cv-03791.<\/p>\n

Why was Civitas Sued for Securities Fraud?<\/strong><\/p>\n

Civitas is an oil and gas exploration and production company with its key assets located in the Denver-Julesburg Basin in Colorado and the Permian Basin in Texas and New Mexico. The complaint alleges that Civitas stated that both basins had \u201cenhanced recovery potential\u201d and that it had \u201cdriven production ahead of plans,\u201d while touting \u201cenhanced margins through reduced operating costs\u201d and insisting that \u201ccosts are below expectations.\u201d<\/p>\n

In truth, the Company\u2019s oil production peaked in 2024, and increasing production would require Civitas to spend significant capital to acquire additional land, driving up costs.<\/p>\n

The Stock Declines as the Truth is Revealed<\/strong><\/p>\n

On February 24, 2025, Civitas announced disappointing Q4 and full year 2024 results, and reduced its oil production guidance. The Company explained that oil production had peaked and it would need to spend hundreds of millions of dollars to acquire thousands of acres of new land to produce more oil. Civitas also announced that it was implementing a 10% reduction in its workforce to \u201csolidify the Company\u2019s low-cost structure.\u201d On the same day, Civitas announced the immediate firings of its Chief Operating Officer and Chief Transformation Officer. On this news, the price of Civitas stock declined more than 18%, from a closing price of $49.30 per share on February 24, 2025, to $40.35 per share on February 25, 2025.<\/p>\n

Click here if you suffered losses: <\/strong>https:\/\/www.bfalaw.com\/cases-investigations\/civitas-resources-inc<\/strong><\/a>.<\/strong><\/p>\n

What Can You Do?<\/strong><\/p>\n

If you invested in Civitas you may have legal options and are encouraged to submit your information to the firm.<\/p>\n

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.<\/p>\n

Submit your information by visiting:<\/strong><\/p>\n

https:\/\/www.bfalaw.com\/cases-investigations\/civitas-resources-inc<\/strong><\/a><\/p>\n

Or contact:
Ross Shikowitz
ross@bfalaw.com<\/a>
212-789-3619<\/p>\n

Why Bleichmar Fonti & Auld LLP?<\/strong><\/p>\n

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs\u2019 Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.\u2019s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.<\/p>\n

For more information about BFA and its attorneys, please visit https:\/\/www.bfalaw.com<\/a>.<\/p>\n

https:\/\/www.bfalaw.com\/cases-investigations\/civitas-resources-inc<\/strong><\/a><\/p>\n

Attorney advertising. Past results do not guarantee future outcomes.<\/em><\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Civitas Resources, Inc. (NYSE: CIVI) and certain of the Company\u2019s senior executives for potential violations of the federal securities laws. If you invested in Civitas you are encouraged to obtain […]<\/p>\n","protected":false},"author":2,"featured_media":93957,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/44a256cf-d470-4d8a-af6b-dbb1b5bbb11e","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-93956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/93956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=93956"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/93956\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/93957"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=93956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=93956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=93956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}