Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Sable Offshore Corp. (SOC)

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].