Investors Target Civitas Resources in Class Action Lawsuit

NEW YORK, May 16, 2025 /PRNewswire/ — Bronstein, Gewirtz & Grossman, LLC, a law firm known nationally, has announced a class action lawsuit against Civitas Resources, Inc. and some of its officers. The lawsuit is aimed at recovering damages for alleged violations of federal securities laws.

The class action pertains to investors who purchased Civitas securities from February 27, 2024, to February 24, 2025, inclusive. Those affected are encouraged to join the case through the law firm’s website.

According to the complaint, Civitas made materially false claims about its business performance and future prospects. Claims indicate that the company was on the verge of significantly reducing its oil production due to various factors, including a decline following the production peak in 2024.

The lawsuit further alleges that Civitas’s financial condition required unsatisfactory cost-cutting measures, including reductions in workforce and the potential sale of assets. These allegations suggest that the company’s public representations were misleading throughout the mentioned period.

Potential class members can review the complaint on the law firm’s site or contact attorneys Peretz Bronstein or Nathan Miller for more information. Investors must act by July 1, 2025, to be appointed as lead plaintiffs if they wish to do so.

Bronstein, Gewirtz & Grossman, LLC operates on a contingency fee basis for class action cases, meaning they only collect fees if they are successful in court.