Securities Class Action Lawsuit Filed Against Sable Offshore Corp.

A securities class action lawsuit has been filed against Sable Offshore Corp. (NYSE: SOC) alleging that the company made materially false and/or misleading statements and/or failed to disclose that it had not restarted oil production off the coast of California. The lawsuit seeks to compensate investors who purchased Sable securities during the Class Period, which includes May 19, 2025 to June 3, 2025, and/or pursuant and/or traceable to Sable's secondary public offering on May 21, 2025.

Key Takeaways:

• The lawsuit alleges that Sable made false statements about its oil production and business prospects, resulting in damages to investors.
• The Class Period includes May 19, 2025 to June 3, 2025, and/or pursuant and/or traceable to Sable's secondary public offering on May 21, 2025.
• Lead plaintiff must be appointed by September 26, 2025, to participate in the litigation.
• The Rosen Law Firm, representing the investors, has a track record of success in securities class actions and shareholder derivative litigation.
• The firm has achieved significant recoveries for investors, including the largest ever securities class action settlement against a Chinese Company.
• Laurence Rosen, founding partner of the firm, was named by Law360 as a Titan of Plaintiffs' Bar in 2020.

Statistics:

• The lawsuit includes securities purchased between May 19, 2025 and June 3, 2025.
• Sable's secondary public offering occurred on May 21, 2025.
• The lead plaintiff deadline is September 26, 2025.
• The Rosen Law Firm has secured over $438 million for investors in 2019 and has been ranked as the No. 1 firm by ISS Securities Class Action Services in 2017.

Sources:

• Sable Offshore Corp. (NYSE: SOC)
• The Rosen Law Firm, P.A.
• Law360
• ISS Securities Class Action Services
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