Sable Offshore(US:SOC) Globenewswireยท2025-09-19 14:19Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Sable Offshore Corp. due to allegations of false and misleading statements regarding the company's oil production activities and the impact of a court injunction on its operations [4][6]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is reminding investors of the September 26, 2025 deadline to seek the role of lead plaintiff in a federal securities class action against Sable Offshore [4]. - The complaint alleges that Sable Offshore and its executives violated federal securities laws by making false statements about the restart of oil production off the California coast [6]. - Investors who suffered losses in Sable Offshore between May 19, 2025, and June 3, 2025, are encouraged to contact the firm to discuss their legal rights [1][9]. Group 2: Stock Performance and Market Reaction - On May 28, 2025, Sable Offshore's stock fell by $5.04 per share, or 15.3%, closing at $27.89 per share, following a court injunction against the company's pipeline repair activities [7]. - The injunction raised concerns about potential project delays and additional costs for Sable Offshore, impacting investor confidence [7]. Group 3: Company Background - Faruqi & Faruqi, LLP has recovered hundreds of millions of dollars for investors since its founding in 1995 and has offices in New York, Pennsylvania, California, and Georgia [5].