Group 1 - Sable Offshore Corp. (NYSE:SOC) experienced a significant stock price increase of 22.58% on Wednesday, closing at $24.59, as investors showed optimism regarding the restart of the Las Flores pipeline this month [1][3] - The Las Flores pipeline has been shut down since 2015 due to a catastrophic rupture that caused a major oil spill, and its restart is currently facing legal and regulatory challenges from environmental organizations [3] - In August, Sable Offshore announced plans to recommence oil sales with the expected restart of the onshore pipeline in September [2] Group 2 - Sable Offshore is currently facing a class action lawsuit for allegedly providing misleading business updates, including false claims about restarting oil production [4] - The company has not yet responded to the allegations regarding the misleading statements about its business operations and prospects [4]

Core Viewpoint - A class action lawsuit has been filed against Sable Offshore Corporation (NYSE:SOC) for allegedly misleading investors regarding the company's oil production status during a specific period in 2025 [2][4]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of all individuals and entities who purchased Sable securities between May 19, 2025, and June 3, 2025 [2]. - Investors have until September 26, 2025, to apply to be appointed as lead plaintiff in the lawsuit [2]. - The lawsuit claims that Sable Offshore misrepresented its oil production status during its secondary public offering (SPO) on May 21, 2025, where it issued 10 million shares at $29.50 per share, raising $295 million [4]. Group 2: Allegations and Impact - Allegations include that Sable Offshore falsely claimed to have restarted oil production off the coast of California when it had not [4]. - A letter from California's Lieutenant Governor on May 23, 2025, indicated that Sable's press release mischaracterized its activities, leading to a significant drop in stock price of over 15% [5]. - Further legal issues arose when a judge granted temporary restraining orders against Sable on June 3, 2025, prohibiting the company from restarting oil transportation, which led to additional declines in stock price [5].

Core Viewpoint - The Gross Law Firm is notifying shareholders of Sable Offshore Corp. regarding a class action lawsuit due to alleged misleading statements made by the company during a specific period [1][4]. Class Period - The class period for the lawsuit is defined as from May 19, 2025, to June 3, 2025, which includes transactions related to the company's secondary public offering on May 21, 2025 [3]. Allegations - The complaint alleges that Sable Offshore Corp. falsely claimed to have restarted oil production off the coast of California, which was not the case. This misrepresentation led to materially false and misleading statements about the company's business and operations [4]. Deadline and Next Steps - Shareholders are encouraged to register for the class action by September 26, 2025, to participate in potential recovery. Registration will also provide access to portfolio monitoring software for status updates on the case [5]. Law Firm's Commitment - The Gross Law Firm emphasizes its mission to protect investors' rights against deceit and fraud, aiming to hold companies accountable for misleading practices that inflate stock prices [6].

NEW YORK--(BUSINESS WIRE)---- $SOC #ClassAction--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Sable Offshore Corp. ("Sable Offshore†or the "Company†) (NYSE: SOC). Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com. On May 28, 2025, Investing.com published an ar ...

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Core Viewpoint - A class action lawsuit has been filed against Sable Offshore Corp. for allegedly making false statements regarding its oil production status, which misled investors and inflated the company's stock price during the specified class period [1][3]. Group 1: Lawsuit Details - The lawsuit is initiated by Berger Montague PC on behalf of investors who acquired Sable's publicly traded securities between May 19, 2025, and June 3, 2025, including during the company's May 2025 secondary public offering [1][2]. - The complaint alleges that Sable misrepresented the status of its oil production off the coast of California, claiming it had restarted production when it had not [3]. Group 2: Investor Information - Investors who purchased Sable securities during the class period have until September 26, 2025, to seek appointment as lead plaintiff representatives [2]. - The misrepresentations are said to have caused harm to investors when the truth about the company's production status was eventually revealed [3].

NEW YORK , Sept. 8, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Sable Offshore Corp. (NYSE: SOC). ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Sable Offshore Corp. due to allegations of false and misleading statements regarding the company's oil production activities [2][4]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses in Sable Offshore between May 19, 2025, and June 3, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Sable Offshore, with a deadline of September 26, 2025, for investors to seek the role of lead plaintiff [2][6]. - The complaint alleges that Sable Offshore and its executives violated federal securities laws by falsely claiming that oil production had restarted when it had not [4]. Group 2: Stock Performance - Following a court injunction against Sable's pipeline repair activities, the company's stock fell by $5.04 per share, or 15.3%, closing at $27.89 per share on May 28, 2025 [5]. Group 3: Company Background - Faruqi & Faruqi, LLP has recovered hundreds of millions of dollars for investors since its founding in 1995 and has offices in New York, Pennsylvania, California, and Georgia [3].

Core Viewpoint - The Gross Law Firm has announced a class action lawsuit on behalf of shareholders of Sable Offshore Corp. (NYSE: SOC) who purchased shares during a specified class period, alleging that the company made materially false statements regarding its oil production activities [1][2]. Group 1: Allegations - The complaint claims that Sable Offshore Corp. falsely represented that it had restarted oil production off the coast of California when it had not, leading to misleading statements about the company's business and operations [2]. - As a result of these misleading statements, investors suffered damages when the true information became public [2]. Group 2: Class Action Details - The class period for the lawsuit is from May 19, 2025, to June 3, 2025, including a secondary public offering on May 21, 2025 [1]. - Shareholders are encouraged to register for the class action by September 26, 2025, to potentially be appointed as lead plaintiffs [3]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered due to deceit and illegal business practices, emphasizing the importance of responsible corporate behavior [4].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Sable Offshore Corp. due to allegations of violations of federal securities laws, specifically regarding misleading statements about the company's oil production activities [4][6]. Group 1: Legal Investigation and Class Action - A federal securities class action has been filed against Sable Offshore, with a deadline of September 26, 2025, for investors to seek the role of lead plaintiff [4][8]. - The complaint alleges that Sable Offshore and its executives made false statements about the company's oil production restart, which had not occurred [6][7]. - Investors who suffered losses between May 19, 2025, and June 3, 2025, are encouraged to contact the law firm to discuss their legal rights [1][4]. Group 2: Stock Performance and Market Reaction - Following a court injunction against Sable's pipeline activities, the company's stock fell by $5.04 per share, or 15.3%, closing at $27.89 on May 28, 2025 [7]. - The injunction was granted by the California Coastal Commission, raising concerns about potential project delays and additional costs for Sable Offshore [7]. Group 3: Firm Background and Recovery - Faruqi & Faruqi, LLP has recovered hundreds of millions of dollars for investors since its founding in 1995 and has offices in multiple states [5]. - The firm is actively seeking information from whistleblowers, former employees, and shareholders regarding Sable Offshore's conduct [9].