NEW YORK, Sept. 2, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Sable Offshore Corp. ("Sable Offshore Corp." or the "Company") (NYSE: SOC) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Sable Offshore Corp. investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons or entities who purchased or otherwise acquired publicly traded Sable Offshore securities between May 19, 2025 and June 3, 2 ...

Core Viewpoint - A class-action lawsuit has been filed against Sable Offshore Corp. and its executives for allegedly misrepresenting the company's oil production status, which led to inflated stock prices prior to a secondary public offering [1][6]. Group 1: Allegations and Legal Proceedings - The lawsuit, Johnson v. Sable Offshore Corp., covers investors who purchased securities between May 19, 2025, and June 3, 2025, including those who bought shares during the May 21, 2025 secondary public offering [2]. - Sable Offshore issued a press release on May 19, 2025, claiming a restart of oil production, which was later challenged by California Lieutenant Governor Eleni Kounalakis, stating that the activities were merely well-testing procedures [3]. - Following the public disclosure of the Lieutenant Governor's letter on May 28, 2025, Sable Offshore's stock price dropped by more than 15% as the market recognized the inaccuracies in the company's statements [4]. Group 2: Impact on Stock and Company Operations - On June 4, 2025, Sable Offshore disclosed a temporary restraining order from a Santa Barbara County Superior Court judge, preventing the company from restarting oil transportation through the Las Flores Pipeline System, which further impacted the stock price negatively [5]. - The litigation seeks to hold Sable Offshore and its underwriters accountable for raising capital under false pretenses, resulting in significant investor losses [6]. Group 3: Investigation and Whistleblower Information - Hagens Berman is investigating the claims on behalf of investors who have suffered substantial losses, focusing on whether the company's public statements accurately reflected its operational reality [7]. - Whistleblowers with non-public information regarding Sable Offshore are encouraged to assist in the investigation, with potential rewards of up to 30% of any successful recovery made by the SEC [7].

Core Viewpoint - The Gross Law Firm has issued a notice to 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]. Group 1: Class Action Details - The class period for the lawsuit is from May 19, 2025, to June 3, 2025, including transactions related to the company's secondary public offering on May 21, 2025 [3]. - Shareholders are encouraged to register for the class action and can do so without any cost or obligation [5]. Group 2: Allegations Against Sable Offshore Corp. - The complaint alleges that Sable Offshore Corp. falsely claimed to have restarted oil production off the coast of California when it had not, leading to materially false and misleading statements about the company's business and operations [4]. - The lawsuit claims that investors suffered damages when the true details about the company's operations were revealed [4]. Group 3: Next Steps for Shareholders - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates throughout the case [5]. - The deadline for seeking lead plaintiff status is September 26, 2025 [5]. Group 4: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [6].

Core Viewpoint - A class action securities lawsuit has been filed against Sable Offshore Corp. due to alleged securities fraud affecting investors who purchased shares between May 19, 2025, and June 3, 2025, or participated in the company's secondary public offering on May 21, 2025 [1][2][3] Group 1: Lawsuit Details - The lawsuit claims that Sable Offshore Corp. misrepresented its oil production status off the coast of California, stating that production had restarted when it had not [3] - Allegations include that the defendants' statements regarding the company's business operations and prospects were materially false and misleading, lacking a reasonable basis [3] - Investors reportedly suffered damages when the true information about the company's operations became public [3] Group 2: Next Steps for Investors - Investors who experienced losses during the specified timeframe have until September 26, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [4] - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [4] Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [5]

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 and Class Period - The lawsuit 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]. - The class period for the lawsuit is defined as May 19, 2025, to June 3, 2025, including those who participated in the company's secondary public offering on May 21, 2025 [1][2]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by September 26, 2025, to potentially be appointed as lead plaintiffs, although this is not required to participate in any recovery [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [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 - Rosen Law Firm is reminding investors who purchased Sable Offshore Corp. securities during the specified Class Period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1][5]. Group 1: Class Action Details - The Class Period for the securities class action is defined as between May 19, 2025, and June 3, 2025, inclusive [1]. - Investors who purchased Sable securities during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must move the Court by September 26, 2025, to represent other class members in the litigation [3]. Group 2: Legal Representation - Investors are encouraged to select qualified legal counsel with a proven track record in securities class actions, as many firms may lack the necessary experience and resources [4]. - Rosen Law Firm has a history of successful settlements, including the largest securities class action settlement against a Chinese company at the time, and has recovered hundreds of millions for investors [4]. Group 3: Allegations Against Sable Offshore Corp. - The lawsuit alleges that Sable made materially false and misleading statements regarding the restart of oil production off the coast of California, which had not occurred [5]. - As a result of these misleading statements, investors suffered damages when the true information became public [5].

Core Viewpoint - A class action securities lawsuit has been filed against Sable Offshore Corp. due to alleged securities fraud affecting investors who purchased shares between May 19, 2025, and June 3, 2025, and those involved in the company's secondary public offering on May 21, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Sable Offshore Corp. misrepresented its operational status by falsely stating that it had restarted oil production off the coast of California when it had not [3]. - The complaint alleges that the defendants' statements regarding the company's business, operations, and prospects were materially false and misleading, lacking a reasonable basis [3]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until September 26, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [4]. Group 3: Legal Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [5].

Core Viewpoint - A class-action lawsuit has been filed against Sable Offshore Corp. for allegedly misrepresenting its oil production status, leading to significant investor losses during a specific period in 2025 [1][2]. Allegations and Regulatory Scrutiny - The lawsuit claims that Sable Offshore and its SPO underwriters misled investors by stating that oil production had resumed off the California coast, which was contradicted by California Lieutenant Governor Eleni Kounalakis, clarifying that the activities were merely "well-testing procedures" [2]. - Following the revelation, Sable Offshore's stock price dropped over 15% on May 28, 2025 [2]. Judicial Intervention and Further Stock Drop - On June 4, 2025, Sable Offshore disclosed a temporary restraining order from a Santa Barbara County Superior Court judge, preventing the company from restarting oil transportation through the Las Flores Pipeline System, which further impacted the stock price negatively [3]. Litigation Context - The lawsuit, Johnson v. Sable Offshore Corp., is being litigated in the U.S. District Court for the Central District of California, aiming to hold the company accountable for allegedly raising capital under false pretenses [4]. Investigation by Hagens Berman - Hagens Berman is investigating claims on behalf of investors who experienced substantial losses, suggesting that the press release may have been a tactic to inflate stock prices prior to the secondary offering [5]. - The firm encourages whistleblowers with non-public information regarding Sable Offshore to come forward, highlighting potential rewards under the SEC Whistleblower program [5].

Core Viewpoint - The Gross Law Firm has issued a notice to 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]. Group 1: Class Action Details - The class period for the lawsuit is from May 19, 2025, to June 3, 2025, including transactions related to the company's secondary public offering on May 21, 2025 [3]. - Shareholders are encouraged to register for the class action by the deadline of September 26, 2025, to potentially be appointed as lead plaintiffs [5]. Group 2: Allegations Against Sable Offshore Corp. - The complaint alleges that Sable Offshore Corp. falsely claimed to have restarted oil production off the coast of California when it had not, leading to materially false and misleading statements about the company's business and operations [4]. - The lawsuit claims that when the true information was revealed, investors suffered damages due to the inflated stock price resulting from these misleading statements [4]. Group 3: Law Firm's Commitment - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights and ensuring companies adhere to responsible business practices [6].

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].