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, 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 falsely stated it had restarted oil production off the coast of California when it had not [3]. - The complaint alleges that the misleading statements regarding the company's business operations and prospects led to investor damages when the truth was revealed [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 in the lawsuit [4]. Group 3: Legal Firm Background - Levi & Korsinsky 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 United States [5].
Investors in Sable Offshore Corp. Should Contact Levi & Korsinsky Before September 26, 2025 to Discuss Your Rights – SOC