SABLE ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Sable Offshore Corporation and Encourages Investors to Contact the Firm

Core Viewpoint - A class action lawsuit has been filed against Sable Offshore Corporation (SOC) for allegedly misleading investors regarding the restart of oil production, leading to significant stock price declines during the class period from May 19, 2025, to June 3, 2025 [1][3][4]. Group 1: Lawsuit Details - The lawsuit was initiated on behalf of all individuals and entities that purchased Sable securities during the specified class period [1]. - Sable Offshore conducted a secondary public offering (SPO) on May 21, 2025, issuing 10 million shares at $29.50 per share, raising $295 million [3]. - Allegations include that Sable misrepresented its operational status, claiming it had restarted oil production when it had not [3][4]. Group 2: Regulatory Concerns - A letter from California's Lieutenant Governor on May 23, 2025, indicated that Sable's press release mischaracterized its activities, causing public confusion and implying a resumption of operations that had not occurred [4]. - The letter was not made public until May 28, 2025, and following this revelation, Sable's stock price fell by over 15% [4]. Group 3: Legal Developments - On June 4, 2025, Sable disclosed that a court had granted temporary restraining orders preventing the company from restarting oil transportation through the Las Flores Pipeline System, further impacting stock prices [5].