Nouveau Monde Graphite Inc. press release

Class Action Lawsuit Filed Against Civitas Resources, Inc. (CIVI) - Recover Losses - Contact Levi & Korsinsky Before July 1, 2025

2025-06-30

TSXV - TSX Venture Exchange · Graphite · Canada · Legal Matters

NEW YORK, NY / ACCESS Newswire / June 30, 2025 /If you suffered a loss on your Civitas Resources, Inc.(NYSE:CIVI) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information:

https://zlk.com/pslra-1/civitas-resources-lawsuit-submission-form?prid=154927&wire=1&utm_campaign=9

or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.comor call (212) 363-7500 to speak to our team of experienced shareholder advocates.

THE LAWSUIT: A class action securities lawsuit was filed against Civitas Resources, Inc. that seeks to recover losses of shareholders who were adversely affected by alleged securities fraud between February 27, 2024 and February 24, 2025.

CASE DETAILS: (i) 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; (ii) 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; (iii) the Company's financial condition would require it to implement disruptive cost reduction measures including a significant workforce reduction; (iv) accordingly, Civitas's business and/or financial prospects, as well as its operational capabilities, were overstated; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

WHAT'S NEXT? If you suffered a loss in Civitas Resources stock during the relevant time frame - even if you still hold your shares - go to https://zlk.com/pslra-1/civitas-resources-lawsuit-submission-form?prid=154927&wire=1&utm_campaign=9to learn about your rights to seek a recovery. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP Joseph E. Levi, Esq. Ed Korsinsky, Esq. 33 Whitehall Street, 17th Floor New York, NY 10004 jlevi@levikorsinsky.com Tel: (212) 363-7500 Fax: (212) 363-7171 https://zlk.com/

SOURCE: Levi & Korsinsky, LLP

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