Sable Offshore(US:SOC) GlobeNewswire News Roomยท2025-08-12 13:48Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Sable Offshore Corp. due to allegations of violations of federal securities laws, particularly concerning misleading statements about the company's oil production activities [4][6]. Group 1: Legal Investigation and Class Action - The firm is reminding investors of the September 26, 2025 deadline to seek the role of lead plaintiff in a federal securities class action against Sable Offshore [4]. - The complaint alleges that Sable Offshore and its executives made false statements regarding the restart of oil production off the California coast, which were not true [6]. - Investors who suffered losses in Sable Offshore between May 19, 2025, and June 3, 2025, are encouraged to contact the firm to discuss their legal rights [1][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 [7]. - The injunction was granted by the California Coastal Commission, raising concerns about potential project delays and additional costs for Sable Offshore [7]. 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 [5]. - The firm encourages anyone with information regarding Sable Offshore's conduct to contact them, including whistleblowers and former employees [9].