SOC INVESTOR DEADLINE: Sable Offshore Corp. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit - RGRD Law

Core Viewpoint - The Sable Offshore Corp. is facing a class action lawsuit due to alleged misrepresentations regarding its oil production activities during a secondary public offering (SPO) period, which has led to significant stock price declines [1][3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit, titled Johnson v. Sable Offshore Corp., allows purchasers of Sable Offshore securities between May 19, 2025, and June 3, 2025, to seek lead plaintiff status by September 26, 2025 [1]. - Sable Offshore conducted its SPO on May 21, 2025, issuing 10 million shares at $29.50 per share, raising $295 million [2]. - Allegations include that Sable Offshore falsely claimed to have restarted oil production off the California coast when it had not [3]. Group 2: Regulatory and Legal Challenges - A letter from California's Lieutenant Governor on May 23, 2025, indicated that Sable Offshore's press release misrepresented its activities, leading to public confusion and a stock price drop of over 15% [4]. - On June 4, 2025, it was revealed that a court granted temporary restraining orders preventing Sable Offshore from restarting oil transportation through the Las Flores Pipeline System, causing further declines in stock price [5]. Group 3: Legal Representation and Process - The Private Securities Litigation Reform Act of 1995 allows investors who acquired Sable Offshore securities during the class period to seek lead plaintiff status, representing the interests of the class [6]. - The lead plaintiff can choose a law firm to litigate the case, and participation as lead plaintiff does not affect the ability to share in any potential recovery [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].