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Berger Montague PC Announces Class Action Filed Against Sable Offshore Corp. (NYSE: SOC) for Alleged Securities Violations
Sable OffshoreSable Offshore(US:SOC) Prnewswireยท2025-07-30 19:06

Core Viewpoint - Berger Montague PC is investigating claims against Sable Offshore Corp. following a class action lawsuit alleging misrepresentation of oil production status [1][3]. Group 1: Company Overview - Sable Offshore Corp. is an offshore oil and gas operations company based in Houston, Texas [1]. - The company is publicly traded on the New York Stock Exchange under the ticker symbol SOC [1]. Group 2: Legal Proceedings - A class action lawsuit has been filed against Sable, claiming that the company falsely stated that oil production off California's coast had resumed when it had not [3]. - Investors who purchased Sable securities between May 19, 2025, and June 3, 2025, are eligible to seek appointment as lead plaintiff representative by September 26, 2025 [2]. Group 3: Impact on Investors - The revelation of the true state of Sable's operations led to a decline in share prices, resulting in losses for investors [3].