SOC INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Sable Offshore Corp. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Core Viewpoint - The article discusses a class action lawsuit against Sable Offshore Corp. for alleged violations of securities laws during a secondary public offering (SPO) and subsequent misrepresentations regarding oil production activities [1][3]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Johnson v. Sable Offshore Corp., and it involves purchasers of Sable Offshore's publicly traded securities between May 19, 2025, and June 3, 2025 [1]. - The lawsuit alleges that Sable Offshore and its executives misrepresented the status of oil production off the coast of California during the Class Period [3]. - Sable Offshore conducted its SPO on May 21, 2025, issuing 10 million shares at $29.50 per share, raising $295 million [2]. Group 2: Allegations and Impact - On May 23, 2025, a letter from California's Lieutenant Governor indicated that Sable Offshore's press release mischaracterized its activities, leading to a stock price drop of over 15% [4]. - Following a court ruling on June 3, 2025, that temporarily prohibited Sable Offshore from restarting oil transportation, the stock price fell further [5]. Group 3: Legal Process and Representation - Investors who purchased Sable Offshore securities during the Class Period can seek appointment as lead plaintiff in the class action lawsuit [6]. - The lead plaintiff will represent the interests of all class members and can select a law firm for litigation [6]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [8].