INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Civitas Resources

Published: Sunday, June 15, 2025 at 2:10 pm

**Investor Alert: Deadline Looms in Civitas Resources Investigation**

NEW YORK - Faruqi & Faruqi, LLP, a national securities law firm, is investigating potential claims against Civitas Resources, Inc. (NYSE: CIVI) on behalf of investors. The firm is reminding investors of the upcoming July 1, 2025, deadline to seek the role of lead plaintiff in a federal securities class action filed against the company.

The investigation centers on allegations that Civitas and its executives violated federal securities laws. The complaint alleges that the company made false and misleading statements, failing to disclose crucial information. Specifically, the complaint claims Civitas was likely to significantly reduce oil production in 2025, requiring the acquisition of additional acreage and development locations, leading to increased debt and asset sales. It also alleges the company's financial condition would necessitate disruptive cost-reduction measures, including workforce reductions. These factors, according to the complaint, led to an overstatement of Civitas' business and financial prospects.

The firm's investigation follows Civitas' release of its fourth-quarter and full-year financial results on February 24, 2025, which missed consensus estimates for revenue and non-GAAP EPS. The company also announced a 10% workforce reduction and the termination of its Chief Operating Officer and Chief Transformation Officer. Following this news, Civitas' stock price fell significantly, impacting investors.

Faruqi & Faruqi is encouraging investors who suffered losses exceeding $100,000 between February 27, 2024, and February 24, 2025, to contact partner Josh Wilson directly to discuss their options. The firm also encourages anyone with information regarding Civitas' conduct, including whistleblowers, former employees, shareholders, and others, to come forward.

The lead plaintiff in the case will be the investor with the largest financial interest in the relief sought by the class. Investors can choose to participate in the litigation by seeking to become lead plaintiff or remain an absent class member.

BNN's Perspective:

While these types of investigations are common in the financial world, it's important for investors to carefully consider their options and seek independent legal advice. The allegations against Civitas, if proven true, highlight the importance of transparency and accurate financial reporting. Investors should remain vigilant and informed about the companies they invest in.

Keywords:

Civitas Resources, CIVI, Faruqi & Faruqi, securities lawsuit, investor losses, lead plaintiff, deadline, oil production, financial results, stock price, federal securities laws, false statements, misleading statements, workforce reduction, shareholder, whistleblower

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