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

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]. Company Overview - Sable Offshore operates as an independent oil and gas company and conducted a secondary public offering on May 21, 2025, issuing 10 million shares at $29.50 per share, raising $295 million [2][3]. Allegations and Events - The lawsuit claims that Sable Offshore and its executives misrepresented the status of oil production off the California coast, stating that operations had restarted when they had not [3]. - A letter from California's Lieutenant Governor on May 23, 2025, indicated that Sable's press release mischaracterized its activities, which led to a stock price drop of over 15% [4]. - On June 4, 2025, it was revealed that a court had granted temporary restraining orders preventing Sable from restarting oil transportation, causing further declines in stock price [5]. Legal Process - Investors who purchased Sable Offshore securities during the class period can seek to be appointed as lead plaintiff in the class action lawsuit, which allows them to represent the interests of all affected investors [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [7][8].