Sable Offshore(SOC)
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SOC Investors Have Opportunity to Sable Offshore Corp. Securities Fraud Lawsuit With the DJS Law Group
Prnewswire· 2025-08-07 08:52
Core Viewpoint - DJS Law Group is investigating claims against Sable Offshore Corp. for potential violations of securities laws related to misleading statements about oil production [1][2] Group 1: Company Overview - Sable Offshore Corp. is under scrutiny for allegedly making false and misleading statements regarding the resumption of oil production along the California coast, which was actually still suspended [2] - The investigation pertains to investors who purchased Sable's securities during the secondary public offering on May 21, 2025, and within the class period from May 19, 2025, to June 3, 2025 [1] Group 2: Legal Context - The misleading public disclosures by Sable led to financial losses for shareholders once the true situation was revealed [2] - DJS Law Group specializes in securities class actions and corporate governance litigation, representing large hedge funds and alternative asset managers [3]
SABLE OFFSHORE SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Sable Offshore Corp. - SOC
GlobeNewswire News Room· 2025-08-07 04:55
Core Viewpoint - Investors in Sable Offshore Corp. have until September 26, 2025, to file lead plaintiff applications in a securities class action lawsuit due to alleged failure to disclose material information during the class period [1][3]. Group 1: Lawsuit Details - The lawsuit against Sable Offshore Corp. and certain executives is based on violations of federal securities laws for not disclosing material information during the class period from May 19, 2025, to June 3, 2025 [1][3]. - The case is identified as Johnson v. Sable Offshore Corp., et al., No. 25-cv-6869 [5]. Group 2: Impact on Stock Price - Following the disclosure of a temporary restraining order that prohibits Sable Offshore from restarting oil transportation through the Las Flores Pipeline System, the company's share price fell by $0.94, or 3.91%, closing at $23.10 on June 4, 2025 [4]. Group 3: ClaimsFiler Information - ClaimsFiler is a service aimed at helping retail investors recover funds from securities class action settlements, providing resources for investors to register, upload portfolio data, and seek legal evaluations [6].
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Sable Offshore Corp. of Class Action Lawsuit and Upcoming Deadlines - SOC
Prnewswire· 2025-08-06 22:40
Then, on June 4, 2025, Sable filed a current report on Form 8-K with the U.S. Securities and Exchange Commission, disclosing that on June 3, 2025, the Santa Barara County Superior Court entered a temporary restraining order prohibiting Sable from restarting transportation of oil through the Onshore Pipeline system pending a hearing on July 18, 2025. On this news, Sable's stock price fell $0.94 per share, or 3.91%, to close at $23.10 per share on June 4, 2025. NEW YORK, Aug. 6, 2025 /PRNewswire/ -- Pomerantz ...
Deadline Alert: Sable Offshore Corp. (SOC) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
GlobeNewswire News Room· 2025-08-06 16:00
On this news, Sable's stock price fell $5.04, or 15.3%, to close at $27.89 per share on May 28, 2025, thereby injuring investors. What Happened? On May 19, 2025, Sable announced that it had resumed oil production from one of three offshore platforms related for its Las Flores pipelines ("Onshore Pipeline") in California. Then, on May 23, 2025, the California State Land Commission sent Sable a letter regarding its May 19th announcement, warning that it "appears to mischaracterize the nature of recent activit ...
Shareholders that lost money on Sable Offshore Corp. (SOC) should contact Levi & Korsinsky about pending Class Action - SOC
GlobeNewswire News Room· 2025-08-05 20:17
NEW YORK, Aug. 05, 2025 (GLOBE NEWSWIRE) -- 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 ...
Sable Offshore Corp. (SOC) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2025-08-05 16:00
BENSALEM, Pa., Aug. 5, 2025 /PRNewswire/ -- The Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Sable Offshore Corp. ("Sable" or the "Company") (NYSE: SOC). This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN SABLE OFFSHORE CORP. (SOC), CONTACT THE LAW OFFICES OF HOWARD G. SMITH BEFORE ...
Sable Offshore Corp. (SOC) Hit With Lawsuit Over Alleged Misleading Statements on California Oil Restart - Hagens Berman
Prnewswire· 2025-08-05 13:11
Core Viewpoint - Sable Offshore Corp. is facing a securities class-action lawsuit for allegedly misleading investors to inflate its stock price prior to a significant secondary offering, linked to the company's efforts to restart operations at its San Ynez Unit assets, which have been inactive since 2015 [1][4]. Group 1: Lawsuit Details - The lawsuit claims that on May 19, 2025, Sable announced it had "restarted oil production at SYU," leading to a 12.5% increase in its stock price in one day. This announcement was followed by a secondary stock offering that raised $256.5 million [2]. - A letter from California's Lieutenant Governor accused Sable of misrepresenting the nature of its activities, stating that the "restart" was merely well-testing procedures required before actual operations could resume. This letter was reported on May 28, causing Sable's stock to drop over 15% the following day, erasing the previous gains [3]. Group 2: Investigation and Accountability - The litigation aims to hold Sable accountable for allegedly raising capital under false pretenses, with the case being litigated in the U.S. District Court for the Central District of California [4]. - Hagens Berman, the law firm leading the investigation, is looking into whether Sable misled investors regarding its progress in restarting operations at SYU [4].
Lost Money on Sable Offshore Corp.(SOC)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky
Prnewswire· 2025-08-05 12:45
NEW YORK, Aug. 5, 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 ...
Shareholders who lost money on Sable Offshore Corp. (NYSE: SOC) Should Contact Wolf Haldenstein Immediately as Lead Plaintiff Deadline is September 26th
Prnewswire· 2025-08-04 20:53
Core Viewpoint - A class action lawsuit has been filed against Sable Offshore Corp. for allegedly making false statements regarding its oil production activities, leading to investor damages during the specified class period [1][2]. Group 1: Lawsuit Details - The lawsuit was filed on behalf of purchasers of Sable Offshore Corp. securities between May 19, 2025, and June 3, 2025, and/or related to the company's secondary public offering on May 21, 2025 [1]. - Defendants allegedly misrepresented that Sable Offshore Corp. had restarted oil production off the coast of California when it had not, resulting in materially false and misleading statements about the company's business and prospects [2]. Group 2: Legal Representation - Wolf Haldenstein Adler Freeman & Herz LLP, a law firm with over 125 years of experience in securities litigation, is representing the investors in this case [4]. - The firm encourages affected investors to contact them for assistance and to join the lawsuit [5].
The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Sable Offshore Corp. (SOC) Shareholders
GlobeNewswire News Room· 2025-08-04 20:30
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]. Class Period - The class period for the lawsuit is defined as from May 19, 2025, to June 3, 2025, which includes the time surrounding 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 when it had not, leading 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 and receive updates through a portfolio monitoring software [5]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements or omissions [6].