Sable Offshore(US:SOC) Prnewswireยท2025-08-19 12:45Core 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, and those involved in the Company's secondary public offering on May 21, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Sable Offshore Corp. misrepresented its operational status, specifically that it had restarted oil production off the coast of California when it had not [3]. - Allegations include that the defendants' statements regarding the Company's business, operations, and prospects were materially false and misleading, lacking a reasonable basis [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, with no obligation to participate [4]. Group 3: Legal Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States, with over 20 years of experience [5].