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 stock prices [1][3]. Company Overview - Sable Offshore Corp. is headquartered in Houston and operates in offshore oil and gas [3]. Legal Action Details - The lawsuit is initiated by Berger Montague PC on behalf of investors who acquired Sable securities between May 19, 2025, and June 3, 2025, including during the Company's secondary public offering in May 2025 [1][2]. - Investors are encouraged to seek appointment as lead plaintiff representatives by the deadline of September 26, 2025 [2]. Allegations - The complaint alleges that Sable misrepresented the status of its oil production, claiming it had restarted operations off the coast of California when it had not, leading to an artificial inflation of the stock price [3].

Core Viewpoint - A securities class action lawsuit has been filed against Sable Offshore Corp. for allegedly making false statements regarding its oil production activities, leading to significant stock price declines during the class period from May 19, 2025, to June 3, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased Sable Offshore securities during the specified class period and/or in connection with the company's secondary public offering on May 21, 2025 [1]. - The complaint alleges that Sable Offshore falsely claimed to have restarted oil production off the California coast, which was not the case, thus misleading investors about the company's operations and prospects [2]. Group 2: Stock Price Impact - On May 28, 2025, Sable Offshore's stock fell by 14% following a court injunction that halted the company's pipeline repair and maintenance activities, closing at $27.89 per share [3][4]. - Following further negative news on June 4, 2025, regarding temporary restraining orders against the company, the stock price dropped by 3.91%, closing at $23.10 per share [5][6]. Group 3: Investor Actions - Investors who acquired shares of Sable Offshore are encouraged to contact the law firm Gainey McKenna & Egleston before the lead plaintiff motion deadline on September 26, 2025, to discuss their rights and interests in the class action [7].

The deadline to ask the court to be appointed lead plaintiff in the case is September 26, 2025. Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, 2022, and 2023, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimiz ...

SAN DIEGO, July 29, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Sable Offshore Corp. (NYSE: SOC) publicly traded securities between May 19, 2025 and June 3, 2025, inclusive (the "Class Period") and/or pursuant and/or traceable to Sable Offshore's registration statement issued in connection with Sable Offshore's May 21, 2025 secondary public offering ("SPO"), have until September 26, 2025 to seek appointment as lead plaintiff of the Sable Of ...

NEW YORK, July 28, 2025 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of Sable Offshore Corp. (NYSE: SOC): (1) between May 19, 2025 and June 3, 2025, both dates inclusive (the "Class Period"); and/or (2) pursuant and/or traceable to Sable's May 21, 2025 secondary public offering (the "SPO"). A class action has already been filed. If you wish to serve as lead plaintiff, you must move the Court no late ...

SAN DIEGO, July 28, 2025 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Sable Offshore Corp. (NYSE: SOC) publicly traded securities between May 19, 2025 and June 3, 2025, inclusive (the “Class Period”) and/or pursuant and/or traceable to Sable Offshore’s registration statement issued in connection with Sable Offshore’s May 21, 2025 secondary public offering (“SPO”), have until September 26, 2025 to seek appointment as lead plaintiff of the Sable Offshore class ...

Core Viewpoint - Sable Offshore (SOC) has experienced a significant stock surge following the resumption of production and an optimistic output forecast, despite ongoing financial challenges and operational risks [2][3][4]. Group 1: Stock Performance and Market Reaction - SOC's stock jumped 28.4% on July 17, rising from approximately $22 to around $28, significantly outperforming the overall market [2][3]. - The surge in stock price is attributed to the company's ambitious new guidance forecasting production of 40,000 to 50,000 barrels of oil equivalent per day (BOE/d) for the latter half of 2025 [2][5]. Group 2: Financial Performance - In Q1 2025, SOC reported a net loss of $109.5 million (–$1.05 per share), which was below analyst expectations, despite strong revenue of $78 million [4]. - The loss was primarily due to restart-related operational expenses, increased interest costs, and non-cash adjustments [4]. Group 3: Production and Operational Efficiency - SOC has raised its output forecast for the second half of 2025 from 20,000–25,000 BOE/d to 40,000–50,000 BOE/d, indicating nearly double the previous estimates [5]. - The company has also moderated its expectations for per-barrel operational costs, suggesting improved capital efficiency and potential margin enhancements as production increases [5]. Group 4: Financial Health and Risks - SOC's balance sheet shows $189 million in cash, representing 12.1% of total assets, providing a liquidity cushion [6]. - The company's debt-to-equity ratio is 46.4%, significantly higher than the S&P 500 average of 19.4%, indicating increased financial risk [6]. Group 5: Valuation Concerns - Despite operational advancements, SOC stock appears overvalued relative to its fundamentals, trading at a premium compared to peers while continuing to incur losses [8]. - Investors may be factoring in best-case scenarios, which poses a risk for a company with a limited operational track record [8].

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Sable Offshore Corp. for possible violations of federal securities laws and unlawful business practices [2] Group 1: Company Operations - On May 19, 2025, Sable announced the resumption of oil production from one of its offshore platforms related to the Las Flores pipeline as of May 15, 2025 [3] - On May 21, 2025, Sable priced its public offering of 8,695,654 shares at $29.50 per share, resulting in gross proceeds of approximately $295 million [4] Group 2: Regulatory Issues - The California State Land Commission warned Sable on May 23, 2025, that its press release mischaracterized recent activities, causing public confusion and raising questions about the company's intentions [5] - On May 28, 2025, a preliminary injunction was approved by the Santa Barbara County Superior Court regarding Sable's maintenance and repair work in the coastal zone, leading to a decline in Sable's stock price by $5.04 per share, or approximately 15%, from $32.93 to $27.89 [6]

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Sable Offshore Corp. due to allegations of materially misleading business information [1] Group 1: Investigation and Legal Action - Rosen Law Firm is preparing a class action seeking recovery of investor losses for those who purchased Sable Offshore Corp. securities, particularly from the May 2025 public offering [2] - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] Group 2: Stock Performance and Legal Context - On May 28, 2025, Sable Offshore Corp.'s stock fell by 15.3% following a court injunction that halted the company's pipeline repair and maintenance activities in Santa Barbara County [4] - The injunction was granted by the California Coastal Commission, raising concerns about potential project delays and additional costs for Sable Offshore Corp. [4] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [5] - The firm has been ranked in the top 4 for securities class action settlements since 2013 and recovered hundreds of millions of dollars for investors, including over $438 million in 2019 [5]

Group 1: Apple Inc. (NASDAQ:AAPL) - Apple announced a significant delay in the availability of Apple Intelligence, stating that more time is needed to finish developing new Siri features to enhance AI capabilities, with a rollout anticipated in the coming year [2] - Following the announcement, Apple’s stock price fell over 5% on March 10, 2025 [2] Group 2: Sable Offshore Corp. (NYSE:SOC) - Sable resumed oil production from one of its offshore platforms related to the Las Flores pipeline as of May 15, 2025 [3] - On May 21, 2025, Sable priced its public offering of 8,695,654 shares at $29.50 per share, resulting in gross proceeds of approximately $295 million [4] - The California State Land Commission warned Sable that its May 19 press release mischaracterized recent activities, causing public confusion regarding the company's intentions [5] - A preliminary injunction was approved by the Santa Barbara County Superior Court regarding Sable's maintenance and repair work in the coastal zone, leading to a decline in Sable's stock price by approximately 15% from $32.93 to $27.89 on May 28, 2025 [6]