Civitas Resources Inc. Faces Multiple Class Action Lawsuits
Civitas Resources, Inc., an oil and natural gas company listed on the New York Stock Exchange, is currently embroiled in multiple class action lawsuits. The company, which specializes in developing and producing crude oil, natural gas, and natural gas liquids within Colorado’s Denver-Julesburg Basin, has seen its stock price fluctuate significantly over the past year. As of May 1, 2025, the closing price of Civitas Resources’ stock was $28.87, a notable decrease from its 52-week high of $78.63 on May 9, 2024, and above its 52-week low of $22.79 on April 6, 2025. The company’s market capitalization stands at approximately $2.62 billion.
Class Action Lawsuits
Investors who purchased Civitas Resources securities between February 27, 2024, and February 24, 2025, are being notified of their opportunity to participate in class action lawsuits against the company. These lawsuits allege violations of the Securities Exchange Act of 1934 by Civitas Resources and certain of its top executives.
Robbins Geller Rudman & Dowd LLP Announcement: On May 5, 2025, Robbins Geller Rudman & Dowd LLP announced that investors with substantial losses during the specified period have until July 1, 2025, to seek appointment as lead plaintiff in the Civitas Resources class action lawsuit, captioned Lin v. Civitas Resources, Inc., No. 25-cv-03791 (D.N.J.).
Berger Montague PC Announcement: On the same day, Berger Montague PC also announced a class action lawsuit against Civitas Resources. Investors who acquired securities during the class period may seek to be appointed as lead plaintiff representatives by the same deadline.
Pomerantz Law Firm Announcement: Pomerantz LLP announced the filing of a class action lawsuit against Civitas Resources and certain officers on May 2, 2025. The lawsuit, filed in the United States District Court for the District of New Jersey, is on behalf of all persons and entities other than defendants who purchased or acquired Civitas securities during the specified period.
Investor Impact
The lawsuits have significant implications for Civitas Resources’ investors, particularly those who experienced substantial losses during the class period. The opportunity to serve as lead plaintiff in these lawsuits provides investors with a platform to seek redress for alleged securities law violations.
Company Overview
Civitas Resources, Inc. was founded in 2011 and is headquartered in Denver, Colorado. The company operates within the energy sector, focusing on oil, gas, and consumable fuels. For more information, investors and interested parties can visit the company’s website at www.civitasresources.com .
As the legal proceedings unfold, investors are advised to stay informed about developments and consider seeking legal counsel to understand their rights and options.