Sable Offshore Corp. Investors: Please contact the Portnoy Law Firm to recover your losses. September 26, 2025 24 Deadline to file Lead Plaintiff Motion.

Core Viewpoint - Sable Offshore Corp. is facing a class action lawsuit due to alleged misrepresentations regarding its oil production status during a secondary public offering, which has resulted in significant financial losses for investors [3][4][7]. Group 1: Class Action Details - The class action lawsuit represents investors who purchased Sable Offshore securities between May 19, 2025, and June 3, 2025 [1]. - Investors have until September 26, 2025, to file a lead plaintiff motion [1]. - The lawsuit claims that Sable Offshore issued 10 million shares at $29.50 per share, raising $295 million [3]. Group 2: Allegations of Misrepresentation - The lawsuit alleges that Sable Offshore falsely claimed it had resumed oil production off the coast of California during the Class Period [4]. - A letter from California's Lieutenant Governor expressed concerns that Sable Offshore's press release mischaracterized its activities, leading to public confusion [5]. - Following the release of this letter, Sable Offshore's stock price dropped by over 15% [5]. Group 3: Legal Developments - On June 4, 2025, Sable Offshore disclosed that a court had granted temporary restraining orders preventing it from restarting oil transportation through the Las Flores Pipeline System [6]. - This disclosure further impacted the stock price negatively, as detailed in the class action lawsuit [6]. Group 4: Legal Representation - The Portnoy Law Firm is representing investors in pursuing claims against Sable Offshore for the alleged corporate wrongdoing [7]. - The firm has a history of recovering over $5.5 billion for aggrieved investors [7].