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Berger Montague PC Investigating Claims on Behalf of Sable Offshore Corp. (NYSE: SOC) Investors After Class Action Filing
Sable OffshoreSable Offshore(US:SOC) GlobeNewswire News Roomยท2025-07-29 18:15

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].