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Investors who lost money on Sable Offshore Corp. (SOC) should contact Levi & Korsinsky about pending Class Action - SOC
Sable OffshoreSable Offshore(US:SOC) GlobeNewswire News Roomยท2025-08-25 20:54

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, or participated in the company's secondary public offering on May 21, 2025 [1][2][3] Group 1: Lawsuit Details - The lawsuit claims that Sable Offshore Corp. misrepresented its oil production status off the coast of California, stating that production had restarted 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] - Investors reportedly suffered damages when the true information about the company's operations became public [3] Group 2: Next Steps for Investors - Investors who experienced 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 incurring any out-of-pocket costs or fees [4] Group 3: Legal Representation - 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 [5] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [5]