Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
CIVI.US
id: 1586
Civitas Resources ($CIVI) Misleading Growth Claims and Production Decline Case
Investors can submit applications for the lead plaintiff role.
D. New Jersey
Court2:25-cv-03791
Case number02/27/2024
Class period Start02/24/2025
Class period End07/01/2025
Lead Plaintiff motion deadline- $CIVI investors filed a claim against Civitas Resources for hiding signs of slowing oil production and failing to warn about major operational changes.
- After revealing a surprise drop in 2025 oil output and announcing job cuts, $CIVI fell over 18% on February 25, 2025.
- $CIVI investors can join this case to be notified about potential recovery.
Case Details:
Throughout 2024, Civitas Resources told investors that oil production was steady, its recent acquisitions were paying off, and the company was on track for strong growth. Executives said output would rise during the year and gave no indication of any internal problems.
But behind the scenes, Civitas had already started slowing down its drilling activity. By the end of the year, the company had stopped bringing new wells online and was planning a shift in strategy — including job cuts, asset sales, and another acquisition to offset production declines. None of this was shared with investors at the time.
Then, on February 24, 2025, Civitas reported fourth-quarter earnings and dropped a series of unexpected updates: it said 2025 oil production would fall by 4%, it was laying off 10% of its workforce, and it had just fired its COO and CTO. The company also revealed a new $300 million acquisition and a plan to sell off older assets.
After this update, $CIVI dropped 18.15% on February 25, 2025.
Based on these events, $CIVI investors filed a claim against Civitas Resources, saying the company:
- It misled shareholders by hiding a planned slowdown in oil production.
- It gave overly optimistic forecasts while quietly preparing for layoffs and a strategy shift.
Investors believe Civitas wasn’t honest about its challenges and made sudden moves that caught the market off guard.
Case Status
Lead Plaintiff Submission
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
02/24/2025
Filing date
05/02/2025
Lead Plaintiff Deadline
07/01/2025