
Core Viewpoint - A class action securities lawsuit has been filed against Sable Offshore Corp. due to alleged securities fraud affecting investors who purchased shares between May 19, 2025, and June 3, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors adversely affected by false statements made by the defendants regarding the company's oil production activities off the coast of California [3]. - Allegations include that Sable Offshore Corp. misrepresented its operational status, claiming it had restarted oil production when it had not, leading to materially false and misleading statements about the company's business and prospects [3]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until September 26, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating a no-cost participation model [4]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the U.S. [5].