Opportunity for Sable Offshore Investors: Join Class Action Lawsuit Against Company for Fraud Allegations

Investors' Alert: Join the Class Action Against Sable Offshore Corp.

In a significant development for investors in Sable Offshore Corp. (NYSE: SOC), the renowned law firm Robbins Geller Rudman & Dowd LLP has announced the commencement of a class action lawsuit against the company. The lawsuit, which alleges serious violations of securities laws, is a call-to-action for investors who acquired Sable Offshore publicly traded securities between May 19, 2025, and June 3, 2025. If you are one of those affected by substantial losses during this period, your opportunity to take legal action is rapidly approaching.

Understanding the Lawsuit

The Sable Offshore Corp. class action lawsuit is officially titled _Johnson v. Sable Offshore Corp., No. 25-cv-06869 (C.D. Cal.)_. It accuses Sable Offshore and certain executives of breaching the Securities Act of 1933 and Securities Exchange Act of 1934 through misleading statements regarding the company's operational status, particularly the alleged restart of oil production off the Californian coast.

According to the complaint, Sable Offshore, during its secondary public offering (initiated on May 21, 2025), falsely claimed to have resumed oil production when, in reality, they had not. This misinformation misled investors, contributing to significant financial losses.

Context Behind the Allegations

The allegations gained credibility following a letter from California's Lieutenant Governor, Eleni Kounalakis, who pointed out discrepancies in a Sable press release dated May 19, 2025. This press release suggested the company's operations had restarted when it was only returning to testing procedures mandated by regulatory authorities, not actual production.

This misrepresentation led to a dramatic stock price drop of over 15% after the letter was made public on May 28, 2025. Further distress was caused by a separate court ruling on June 3, which barred Sable Offshore from transporting oil through the Las Flores Pipeline System, exacerbating investor losses.

A Crucial Call to Investors

Robbins Geller emphasizes that the Private Securities Litigation Reform Act of 1995 allows any investor who suffered losses during the designated period to step forward as a lead plaintiff. The lead plaintiff will play a pivotal role in advocating for the class, with the authority to select legal representation and direct the course of the lawsuit.

“An investor's ability to share in any future recovery is not contingent upon being the lead plaintiff. We encourage all affected investors to come forward, as collective action tends to yield better outcomes,” said J.C. Sanchez, an attorney with Robbins Geller.

How to Participate

If you believe you have been impacted by the loss due to Sable Offshore's alleged misconduct, you are encouraged to visit the Robbins Geller website for more details on how to participate in the lawsuit. You may also contact attorneys J.C. Sanchez or Jennifer N. Caringal at 800-449-4900 or through the provided email for direct assistance.

About Robbins Geller Rudman & Dowd LLP

Robbins Geller is a leader in securities fraud litigation, boasting a successful track record of recovering substantial monetary relief for investors. In 2024, the firm recovered over $2.5 billion on behalf of investors, making it a formidable presence in the legal landscape of investor rights.

Amid ongoing challenges and volatility in the market, this lawsuit represents a pivotal opportunity for those who have sustained losses in Sable Offshore Corp. to assert their rights. The deadline for submitting your lead plaintiff application is September 26, 2025, so prompt action is advised to ensure your participation in this crucial legal endeavor.