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The Gross Law Firm Notifies Shareholders of Sable Offshore Corp. (SOC) of a Class Action Lawsuit and an Upcoming Deadline
Sable OffshoreSable Offshore(US:SOC) GlobeNewswire News Roomยท2025-08-18 20:00

Core Viewpoint - A class action lawsuit has been initiated against Sable Offshore Corp. for allegedly issuing false and misleading statements regarding its oil production activities off the coast of California, impacting investor confidence and stock value [4]. Group 1: Lawsuit Details - The lawsuit is on behalf of individuals or entities that purchased Sable Offshore securities between May 19, 2025, and June 3, 2025, including those involved in the company's secondary public offering on May 21, 2025 [3]. - Allegations include that Sable Offshore falsely claimed to have restarted oil production when it had not, leading to materially misleading statements about the company's business and operations [4]. - The deadline for shareholders to register for the class action is September 26, 2025, and participation does not require appointment as lead plaintiff [5]. Group 2: Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud, aiming to ensure responsible business practices [6].