Sable Offshore(US:SOC) Prnewswireยท2025-08-09 12:04Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Sable Offshore Corp. due to allegations of violations of federal securities laws, specifically regarding misleading statements about the company's oil production activities [2][4]. Group 1: Legal Investigation and Class Action - The firm is encouraging investors who suffered losses in Sable Offshore between May 19, 2025, and June 3, 2025, to discuss their legal rights [1]. - There is a deadline of September 26, 2025, for investors to seek the role of lead plaintiff in a federal securities class action against Sable Offshore [2][6]. - The complaint alleges that Sable Offshore and its executives made false statements about the company's oil production status, which were materially misleading [4]. Group 2: Stock Performance and Market Reaction - Following a court injunction against Sable's pipeline repair activities, the company's stock fell by $5.04 per share, or 15.3%, closing at $27.89 on May 28, 2025 [5]. - The injunction was granted by the California Coastal Commission, raising concerns about potential project delays and additional costs for Sable Offshore [5]. Group 3: Firm Background and Contact Information - Faruqi & Faruqi, LLP has recovered hundreds of millions of dollars for investors since its founding in 1995 and has offices in multiple states [3]. - The firm encourages anyone with information regarding Sable Offshore's conduct to contact them, including whistleblowers and former employees [7].