Lawsuit filed for Investors in shares of Sable Offshore Corp. (NYSE: SOC)

An investor, who purchased shares of Sable Offshore Corp. (NYSE: SOC), filed a lawsuit over alleged violations of Federal Securities Laws by Sable Offshore Corp. in connection with certain allegedly false and misleading statements made between May 19, 2025 and June 3, 2025 and in connection with Sable's May 21, 2025 secondary public offering (the "SPO").

Investors who purchased shares of Sable Offshore Corp. (NYSE: SOC) have certain options and for certain investors are short and strict deadlines running. Deadline: September 26, 2025. NYSE: SOC investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Houston, TX based Sable Offshore Corp. operates as an independent oil and gas company in the United States.

On May 28, 2025, Investing.com published an article entitled "Sable Offshore Corp stock sinks following court injunction." The article stated that Sable's stock had fallen after "the California Coastal Commission was granted a preliminary injunction against the company's pipeline repair and maintenance activities within the coastal zone in unincorporated Santa Barbara County. The court's decision, which aligns with the Coastal Act's strict regulations on coastal development, has raised concerns about potential project delays and additional costs for Sable Offshore."

Shares of Sable Offshore Corp. (NYSE: SOC) declined from $35.00 per share on May 19, 2025, to as low as $20.59 per share on June 24, 2025.

The plaintiff alleges on behalf of purchasers of Sable Offshore Corp. (NYSE: SOC) common shares between May 19, 2025 and June 3, 2025, and those who purchased shares of Sable Offshore Corp. (NYSE: SOC) pursuant and/or traceable to Sable's May 21, 2025 secondary public offering (the "SPO"), that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between May 19, 2025 and June 3, 2025, that the Defendants represented that Sable Offshore Corp. had restarted oil production off the coast of California when it had not, and that as a result, defendants' statements about Sable's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of Sable Offshore Corp. (NYSE: SOC) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.