Investigation announced for Investors who hold shares of Civitas Resources, Inc. (NYSE: CIV) over possible Wrongdoing

An investigation was announced over potential breaches of fiduciary duties by certain directors and officers of Civitas Resources, Inc.

Investors who are current long term investors in Civitas Resources, Inc. (NYSE: CIV) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: CIV stocks follows a lawsuit filed against Civitas Resources, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: CIV stocks, concerns whether certain Civitas Resources, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the District of New the plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose that Civitas was highly likely to significantly reduce its oil production in 2025 as a result of, inter alia, 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, that 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, that the Company's financial condition would require it to implement disruptive cost-reduction measures including a significant workforce reduction, that accordingly, Civitas's business and/or financial prospects, as well as its operational capabilities, were overstated, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Civitas Resources, Inc. (NYSE: CIVI) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.