Sable Offshore(SOC)
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Sable Offshore (SOC) Sued for Misleading Investors on Oil Production - Hagens Berman
Prnewswire· 2025-09-12 17:57
Core Viewpoint - A class-action lawsuit has been filed against Sable Offshore Corp. for allegedly misrepresenting its oil production status, which led to inflated stock prices prior to a secondary public offering [1][2][6]. Group 1: Allegations and Legal Proceedings - The lawsuit, Johnson v. Sable Offshore Corp., targets investors who purchased securities between May 19, 2025, and June 3, 2025, including those involved in the May 21, 2025 secondary public offering [2][6]. - 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 the activities were merely well-testing procedures [3][4]. - Following the Lieutenant Governor's letter on May 28, 2025, Sable Offshore's stock price dropped over 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 lawsuit 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 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 under the SEC Whistleblower program [7].
ROSEN, LEADING INVESTOR COUNSEL, Encourages Sable Offshore Corp. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – SOC
Globenewswire· 2025-09-12 16:59
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, and includes those who participated in Sable's secondary public offering on May 21, 2025 [1]. - Investors who purchased Sable securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and potential lead plaintiffs must move the Court by September 26, 2025 [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 issuing notices may lack the necessary experience and resources [4]. - The 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: Case Allegations - The lawsuit alleges that during the Class Period, defendants made materially false and misleading statements regarding Sable's oil production activities, claiming it had restarted production when it had not [5]. - As a result of these misleading statements, the lawsuit claims that investors suffered damages when the true information became public [5].
Sable Offshore: Risky, But Deeply Discounted
Seeking Alpha· 2025-09-11 16:46
Group 1 - The article discusses the speculative and risky nature of Sable Offshore Corp. (NYSE: SOC) stock, highlighting recent developments since the initial article published in June [1] - The author expresses a potential interest in initiating a long position in SOC through stock purchases or call options within the next 72 hours [1] Group 2 - There is no specific financial performance data or metrics provided in the articles, focusing instead on the author's personal opinions and potential future actions regarding SOC [2] - The articles emphasize that past performance does not guarantee future results and that no investment recommendations are being made [2]
Sable Offshore (SOC) Climbs 22.6% as Firm Expects Las Flores Restart this Month
Yahoo Finance· 2025-09-11 13:15
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]
SABLE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Sable Offshore Corporation and Encourages Investors to Contact the Firm
Globenewswire· 2025-09-11 12:17
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].
September 26, 2025 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against SOC
Globenewswire· 2025-09-10 19:44
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].
INVESTOR ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Sable Offshore
Businesswire· 2025-09-09 15:04
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 ...
Cisco Elevates the SOC with Agentic AI for Faster Threat Response and Reduced Complexity
Prnewswire· 2025-09-09 12:30
Accessibility StatementSkip Navigation Splunk Enterprise Security Premier Edition and Essentials Edition advance unified threat detection and response BOSTON, Sept. 9, 2025 /PRNewswire/ -- SPLUNK .CONFÂ --Â Cisco today introduced Splunk Enterprise Security Essentials Edition and Splunk Enterprise Security Premier Edition, providing customers two agentic AI-powered SecOps options that unify security workflows across threat detection, investigation, and response (TDIR). Delivered within Splunk Enterprise Secu ...
DEADLINE APPROACHING: Berger Montague Advises Sable Offshore Corp. (NYSE: SOC) Investors to Inquire About a Securities Fraud Class Action by September 26, 2025
Prnewswire· 2025-09-09 12:06
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].
SOC LAWSUIT ALERT: The Gross Law Firm Notifies Sable Offshore Corp. Investors of a Class Action Lawsuit and Upcoming Deadline
Prnewswire· 2025-09-08 12:45
NEW YORK , Sept. 8, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Sable Offshore Corp. (NYSE: SOC). ...