Kehoe Law Firm, P.C. is investigating potential securities fraud claims on behalf of investors of Civitas Resources, Inc. (“Civitas” or the “Company”) (NYSE: CIVI).
On May 2, 2025, a class action complaint for violations of federal securities laws was filed against Civitas Resources in United States District Court, District of New Jersey, on behalf of investors who purchased or otherwise acquired Civitas securities between February 27, 2024 and February 24, 2025, both dates inclusive (the “Class Period”).
According to the complaint, throughout the Class Period, the Civitas Defendants allegedly made false and/or misleading statements and/or failed to disclose that Civitas was 1) highly likely to significantly reduce its oil production in 2025 as a result of, among other things, declines following the production peak at the DJ Basin in the fourth quarter of 2024 and a low TIL count at the end of 2024; 2) increasing its oil production would require the Company to acquire additional acreage and development locations, thereby incurring significant debt and causing the Company to sell corporate assets to offset its acquisition costs; and 3) Civitas’s financial condition would require it to implement disruptive costreduction measures including a significant workforce reduction.
To review a copy of the complaint, please click Civitas Class Action Complaint.
Civitas Investors May Have Legal Claims
Investors who acquired Civitas securities during the Class Period are encouraged to complete Kehoe Law Firm’s Stockholder Information Request Form or send us a message to contact an attorney for a free, no-obligation evaluation of potential legal claims.
Civitas investors can also contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected].
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.
Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.
Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.
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