Class Action Lawsuits Filed Against Viatris, Elevance Health, Civitas Resources for Securities Fraud

Multiple securities class action lawsuits have been filed against Viatris Inc., Elevance Health, Inc., and Civitas Resources, Inc. for alleged violations of federal securities laws, with deadlines approaching for investors to seek lead plaintiff status. Viatris investors allege the company misled them by downplaying the impact of a failed FDA inspection and warning letter related to its Indore, India facility, which adversely affected its financial results and stock price. Elevance Health is accused of misrepresenting its financial exposure to Medicaid eligibility redeterminations, which led to increased utilization and costs not reflected in its guidance, causing stock declines when the truth emerged. Civitas Resources faces allegations of overstating production capabilities and cost controls, with the company revealing that its oil production had peaked and that increased production would require costly land acquisitions, leading to disappointing financial results and workforce reductions. These lawsuits are pending in various U.S. district courts, with investors encouraged to inquire about their rights and potential compensation. The cases highlight investor concerns over corporate transparency and accurate financial reporting in the healthcare and energy sectors.