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Class Action Filed Against Sable Offshore Corp. (SOC) - September 26, 2025 Deadline to Join – Contact The Gross Law Firm
Sable OffshoreSable Offshore(US:SOC) GlobeNewswire News Room·2025-08-13 20:38

Core Points - The Gross Law Firm has issued a notice to shareholders of Sable Offshore Corp. regarding a class action lawsuit for those who purchased shares between May 19, 2025, and June 3, 2025 [1][3] - The lawsuit alleges that Sable Offshore Corp. made materially false and misleading statements about restarting oil production off the coast of California, which were not true [4] - The deadline for shareholders to register for the class action is September 26, 2025, and there is no cost to participate [5] Allegations - The complaint claims that the defendants misrepresented the company's operational status, leading to inflated stock prices and subsequent investor losses when the truth was revealed [4] - Specific allegations include the failure to disclose that oil production had not actually restarted as claimed [4] Next Steps for Shareholders - Shareholders who register will be enrolled in a portfolio monitoring system to receive updates on the case [5] - The firm emphasizes that appointment as lead plaintiff is not necessary to recover losses [1][5] About the Law Firm - The Gross Law Firm is recognized for its commitment to protecting investors' rights against deceit and fraud in business practices [6] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [6]