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SABLE OFFSHORE SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Sable Offshore Corp. - SOC
Sable OffshoreSable Offshore(US:SOC) Prnewswireยท2025-08-02 02:23

Core Viewpoint - A securities class action lawsuit has been filed against Sable Offshore Corp. for failing to disclose material information during the class period, which has led to a decline in the company's stock price [3][4]. Group 1: Lawsuit Details - Investors who purchased Sable Offshore securities between May 19, 2025, and June 3, 2025, or through the company's secondary public offering on May 21, 2025, have until September 26, 2025, to file lead plaintiff applications [1]. - The lawsuit is pending in the United States District Court for the Central District of California, under the case name Johnson v. Sable Offshore Corp., et al., No. 25-cv-6869 [5]. Group 2: Impact on Stock Price - Following the disclosure of a temporary restraining order that prohibits Sable Offshore from restarting oil transportation through the Las Flores Pipeline System, the company's stock price fell by $0.94, or 3.91%, closing at $23.10 on June 4, 2025 [4]. Group 3: Legal Representation - Kahn Swick & Foti, LLC, a prominent securities litigation law firm, is representing the investors in this case. The firm has been recognized among the top 10 firms nationally based on total settlement value [5].