US EditionSable Offshore Corp. (SOC) Hit With Lawsuit Over Alleged Misleading Statements on California Oil Restart - Hagens Berman
U.S. DISTRICT COURT FOR THE CENTRAL DISTRICT OF CALIFORNIA, AUG 5 – Sable Offshore is accused of inflating its stock price by falsely announcing oil production restart, raising $256.5 million in a secondary offering, lawsuit alleges.
- Investors filed a securities class-action lawsuit against Sable Offshore Corp. in the U.S. District Court for the Central District of California, alleging stock inflation before raising $256.5 million.
- Amid its restart efforts, Sable Offshore Corp. claimed on May 19, 2025, it had `restarted oil production at SYU`, despite assets being dormant since 2015.
- That release sent shares soaring 12.5% in a single day, then plunged over 15% the next day, erasing gains for Sable Offshore Corp. .
- Amid the unfolding litigation, Hagens Berman partner Reed Kathrein said the firm is investigating whether Sable misled investors about its SYU restart, following a letter from California Lieutenant Governor Eleni Kounalakis alleging deceptive practices.
- With a lead plaintiff deadline of Sept. 26, 2025, investors have until then to join the class, and under the SEC whistleblower program they may receive up to 30 percent of any successful recovery.
27 Articles
27 Articles
SABLE OFFSHORE SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Sable Offshore Corp. - SOC - Sable Offshore (NYSE:
NEW YORK and NEW ORLEANS, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 26, 2025 to file lead plaintiff applications in a securities class action lawsuit against Sable Offshore Corp. (NYSE:SOC), if they purchased the Company's securities (1) between May 19, 2025 and June 3, 2025, both dates inclusive (th…
Sable Offshore Corp. (SOC) Hit With Lawsuit Over Alleged Misleading Statements on California Oil Restart - Hagens Berman
SAN FRANCISCO, Aug. 5, 2025 /PRNewswire/ -- Sable Offshore Corp. (NYSE: SOC) is now at the center of a securities class-action lawsuit, alleging that the company misled investors to inflate its stock price just before a major secondary offering. The…
LoudounTimes.com
ATTENTION NYSE: SOC INVESTORS: Contact Berger Montague About a Sable Offshore Corp. (NYSE: SOC) Class Action Lawsuit
PHILADELPHIA, Aug. 4, 2025 /PRNewswire/ -- Berger Montague PC is investigating claims under the federal securities laws against Sable Offshore Corp. (NYSE: SOC) ("Sable" or the "Company"), an offshore oil and gas operations company headquartered in Houston, Texas, after a…
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