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Sable Offshore Corp. faces class action lawsuit over alleged securities fraud.
ByAinvest
Saturday, Aug 16, 2025 10:29 am ET1min read
Pomerantz LLP has filed a class action lawsuit against Sable Offshore Corp. (NYSE: SOC) alleging securities fraud and unlawful business practices. The lawsuit concerns investors who purchased Sable securities during the class period. Those affected have until September 26, 2025, to ask the Court to appoint them as Lead Plaintiff for the class.
Pomerantz LLP has filed a class action lawsuit against Sable Offshore Corp. (NYSE: SOC), alleging securities fraud and unlawful business practices. The lawsuit targets investors who purchased Sable securities during the specified class period. Affected investors have until September 26, 2025, to request the Court to appoint them as Lead Plaintiff for the class.According to the complaint, Sable made false and misleading statements about the resumption of oil production off the California coast. The company claimed operations had restarted, but in reality, the activities were merely well testing required by regulatory agencies. This discrepancy led to significant financial losses for investors once the truth was revealed.
Investors who purchased Sable securities between May 19, 2025, and June 3, 2025, are advised to contact Danielle Peyton at Pomerantz LLP by September 26, 2025, to inquire about being appointed Lead Plaintiff for the class. This appointment is not mandatory to participate in any recovery.
The class action lawsuit is one of several filed against Sable, with other firms like DJS Law Group and Schall Law Firm also representing investors. These lawsuits allege that Sable's public disclosures were false and materially misleading, causing significant financial harm to shareholders.
References:
[1] https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-reminds-investors-with-losses-on-their-investment-in-sable-offshore-corp-of-class-action-lawsuit-and-upcoming-deadlines---soc-302525730.html
[2] https://www.prnewswire.com/news-releases/soc-investors-have-opportunity-to-lead-sable-offshore-corp-securities-fraud-lawsuit-with-the-schall-law-firm-302526166.html
[3] https://www.prnewswire.com/news-releases/soc-investors-have-opportunity-to-sable-offshore-corp-securities-fraud-lawsuit-with-the-djs-law-group-302526164.html
[4] https://www.morningstar.com/news/pr-newswire/20250811ny47850/the-gross-law-firm-reminds-sable-offshore-corp-investors-of-the-pending-class-action-lawsuit-with-a-lead-plaintiff-deadline-of-september-26-2025-soc
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