Sable Offshore Corporation Investors Suffer Losses, Class Action Lawsuit Filed

Bragar Eagel & Squire, a stockholder rights law firm, has filed a class action lawsuit against Sable Offshore Corporation (NYSE:SOC) on behalf of investors who purchased or acquired Sable securities between May 19, 2025 and June 3, 2025. The lawsuit alleges that Sable made false and misleading statements during the Class Period. Investors who suffered losses are encouraged to contact Brandon Walker or Marion Passmore directly at (212) 355-4648 to discuss their options.

New York, September 12, 2025 - Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has filed a class action lawsuit against Sable Offshore Corporation (NYSE:SOC) on behalf of investors who purchased or acquired Sable securities between May 19, 2025 and June 3, 2025. The lawsuit alleges that Sable made false and misleading statements during the Class Period, leading to significant financial losses for investors.

The class action lawsuit, filed in the United States District Court for the Central District of California, seeks to recover losses on behalf of investors who were adversely affected by alleged securities fraud. According to the complaint, Sable Offshore conducted a secondary public offering (SPO) on May 21, 2025, issuing 10 million shares of its common stock at the offering price of $29.50 per share for proceeds of $295 million. The lawsuit alleges that during this period, Sable Offshore represented that it had restarted oil production off the coast of California, when it had not SABLE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Sable Offshore Corporation and Encourages Investors to Contact the Firm^[1].

The lawsuit further alleges that on May 23, 2025, Eleni Kounalakis, the Lieutenant Governor of California and chair of the California State Lands Commission, wrote a letter to Sable Offshore's Vice President of Environmental & Government Affairs, Steve Rusch, stating that Sable's press release mischaracterized recent activities, causing significant public confusion and raising questions regarding Sable's intentions SABLE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Sable Offshore Corporation and Encourages Investors to Contact the Firm^[1]. This letter was not published until May 28, 2025, according to the complaint, leading to a more than 15% drop in Sable Offshore's stock price SABLE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Sable Offshore Corporation and Encourages Investors to Contact the Firm^[1].

Additionally, on June 4, 2025, Sable Offshore revealed that a Santa Barbara County Superior Court Judge had granted temporary restraining orders prohibiting Sable from restarting transportation of oil through the Las Flores Pipeline System pending a hearing on a preliminary injunction scheduled for July 18, 2025. This news further caused the stock price to fall SABLE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Sable Offshore Corporation and Encourages Investors to Contact the Firm^[1].

Investors who purchased or otherwise acquired Sable shares during the Class Period and suffered a loss are encouraged to contact Brandon Walker or Marion Passmore directly at (212) 355-4648 to discuss their options. The deadline to request the Court's appointment as a lead plaintiff in the lawsuit is September 26, 2025 SABLE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Sable Offshore Corporation and Encourages Investors to Contact the Firm^[1].