Sable Offshore(US:SOC) GlobeNewswire News Roomยท2025-09-03 15:57Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Sable Offshore Corp. due to allegations of violations of federal securities laws, specifically regarding misleading statements about the company's oil production activities [4][6]. Group 1: Legal Investigation and Class Action - A federal securities class action has been filed against Sable Offshore, with a deadline of September 26, 2025, for investors to seek the role of lead plaintiff [4][8]. - The complaint alleges that Sable Offshore and its executives made false statements about the company's oil production restart, which had not occurred [6][7]. - Investors who suffered losses between May 19, 2025, and June 3, 2025, are encouraged to contact the law firm to discuss their legal rights [1][4]. Group 2: Stock Performance and Market Reaction - Following a court injunction against Sable's pipeline activities, the company's stock fell by $5.04 per share, or 15.3%, closing at $27.89 on May 28, 2025 [7]. - The injunction was granted by the California Coastal Commission, raising concerns about potential project delays and additional costs for Sable Offshore [7]. Group 3: Firm Background and Recovery - Faruqi & Faruqi, LLP has recovered hundreds of millions of dollars for investors since its founding in 1995 and has offices in multiple states [5]. - The firm is actively seeking information from whistleblowers, former employees, and shareholders regarding Sable Offshore's conduct [9].