Levi & Korsinsky Appointed in CIVI Case

Lin v. Civitas Resources, Inc. et al., Case No. 25-cv-03791, is a securities fraud case pending before the U.S. District Court for the District of New Jersey. The complaint, filed in May 2025, alleges that Civitas Resources, Inc. and certain of its executives violated federal securities laws by making false and misleading statements regarding the company’s oil production capabilities and financial condition. Specifically, the complaint claims that Civitas failed to disclose significant production declines in 2025 due to factors including natural declines in the DJ Basin, low TIL counts, and the need for substantial debt to acquire additional acreage, as well as workforce reductions. These misstatements allegedly inflated Civitas’s stock price, causing losses to investors who purchased securities between February 27, 2024, and February 24, 2025.

On August 18, 2025, the Court issued an Order appointing Shawn Maroney as Lead Plaintiff in the case. The Court also approved Levi & Korsinsky, LLP as Lead Counsel.

A copy of the Court’s Order can be found here.