Core Viewpoint - A securities class-action lawsuit has been filed against Sable Offshore Corp. for allegedly misleading investors regarding the restart of its oil production, which led to significant investor losses [1][2]. Group 1: Allegations and Legal Proceedings - The lawsuit, Johnson v. Sable Offshore Corp., involves investors who purchased shares between May 19, 2025, and June 3, 2025, including those who participated in the secondary public offering on May 21, 2025 [2]. - Sable Offshore issued a press release on May 19 claiming it had restarted oil production, which was later contradicted by California's Lieutenant Governor, stating that the activities were merely "well-testing procedures" [2]. - The alleged deception was revealed on May 28, 2025, when the Lieutenant Governor's letter became public, causing Sable's stock price to drop by over 15% [3]. - On June 4, 2025, a Santa Barbara County Superior Court judge issued a temporary restraining order against Sable, prohibiting oil transportation through the Las Flores Pipeline System, further impacting the stock price [3]. Group 2: Legal and Investigative Actions - The lawsuit seeks to hold Sable Offshore and its underwriters accountable for raising capital under false pretenses [4]. - Hagens Berman, a national shareholder rights firm, is investigating the claims and assessing whether the company's statements about oil production and subsequent judicial actions were part of a pattern of misleading behavior [5]. - The firm has a history of securing over $2.9 billion in cases related to corporate accountability and is currently focused on this investigation [6].

SAN DIEGO , Sept. 19, 2025 /PRNewswire/ -- Robbins LLPÂ reminds stockholders that a class action was filed on behalf of investors who purchased or otherwise acquired Sable Offshore Corp. (NYSE: SOC) securities between May 19, 2025 and June 3, 2025 and/or traceable to the Company's May 21, 2025 secondary public offering ("SPO"). ...

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 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors adversely affected by alleged false statements made by the company regarding its oil production activities off the coast of California [3]. - The complaint claims that Sable Offshore Corp. misrepresented its business operations and prospects, leading to materially false and misleading statements [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 this [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Legal Firm Background - 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 as one of the top securities litigation firms in the United States for seven consecutive years [5].

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 and the impact of a court injunction on its operations [4][6]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is reminding investors of the September 26, 2025 deadline to seek the role of lead plaintiff in a federal securities class action against Sable Offshore [4]. - The complaint alleges that Sable Offshore and its executives violated federal securities laws by making false statements about the restart of oil production off the California coast [6]. - Investors who suffered losses in Sable Offshore between May 19, 2025, and June 3, 2025, are encouraged to contact the firm to discuss their legal rights [1][9]. Group 2: Stock Performance and Market Reaction - On May 28, 2025, Sable Offshore's stock fell by $5.04 per share, or 15.3%, closing at $27.89 per share, following a court injunction against the company's pipeline repair activities [7]. - The injunction raised concerns about potential project delays and additional costs for Sable Offshore, impacting investor confidence [7]. 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 [5].

SAN FRANCISCO, Sept. 19, 2025 (GLOBE NEWSWIRE) -- A securities class-action lawsuit has been filed against Sable Offshore Corp. (NYSE: SOC) and its executives, alleging the company misled investors about the restart of its oil production off the California coast. The litigation, filed in California federal court, claims the company used a false press release to artificially inflate its stock price just before a secondary public offering (SPO), resulting in significant investor losses. Hagens Berman urges Sa ...

Group 1 - A class action securities lawsuit has been filed against Sable Offshore Corp. [1]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Sable Offshore Corp. securities during the specified Class Period or through the secondary public offering about the upcoming lead plaintiff deadline for a securities class action lawsuit [1][2]. 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 file a motion with the Court by September 26, 2025, to represent other class members in the litigation [3]. Group 2: Case Allegations - The lawsuit alleges that Sable Offshore Corp. made materially false and misleading statements regarding its oil production activities off the coast of California, 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]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].

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 and misleading 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 materially misleading statements about the company's business and operations [2]. - The lawsuit asserts that when the true information became public, investors suffered damages due to the inflated stock price resulting from these misleading statements [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as May 19, 2025, to June 3, 2025, inclusive, including shares purchased during the company's 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, although this is not required to participate in any recovery [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered losses due to deceit and illegal business practices [4]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors affected by false or misleading statements [4].

Core Viewpoint - Sable has rejected allegations made by the Santa Barbara County District Attorney, labeling them as politically motivated attacks [1] Group 1 - Sable asserts that the accusations from the Santa Barbara County DA are unfounded and driven by political motives [1] - The company emphasizes its commitment to transparency and integrity in its operations [1] - Sable plans to continue its business activities without being influenced by these politically charged allegations [1]

Core Viewpoint - A securities class-action lawsuit has been filed against Sable Offshore Corp. and its executives for allegedly misleading investors regarding the restart of oil production, which led to significant investor losses [1][2]. Group 1: Allegations and Legal Proceedings - The lawsuit, Johnson v. Sable Offshore Corp., represents investors who purchased shares between May 19, 2025, and June 3, 2025, including those who participated in the secondary public offering on May 21, 2025 [2]. - Sable Offshore issued a press release on May 19 claiming it had restarted oil production, which was later challenged by California's Lieutenant Governor, stating that the activities were only "well-testing procedures" [2]. - The alleged deception was revealed on May 28, 2025, when the Lieutenant Governor's letter became public, causing Sable's stock price to drop by over 15% [3]. - On June 4, 2025, a Santa Barbara County Superior Court judge issued a temporary restraining order against Sable, prohibiting oil transportation through the Las Flores Pipeline System, further impacting the stock price [3]. Group 2: Legal and Investigative Actions - The lawsuit seeks to hold Sable Offshore and its underwriters accountable for raising capital under false pretenses [4]. - Hagens Berman, a national shareholder rights firm, is investigating the claims and assessing whether the company's statements about oil production and subsequent judicial actions were part of a pattern of misleading behavior [5]. - Whistleblowers with non-public information regarding Sable Offshore are encouraged to assist in the investigation, with potential rewards under the SEC Whistleblower program [5].