Kahn Swick & Foti Alerts Shareholders of Sable Offshore's Class Action Lawsuit Details

Sable Offshore Shareholder Alert by Kahn Swick & Foti, LLC

Kahn Swick & Foti, LLC, along with former Louisiana Attorney General Charles C. Foti, Jr., has issued an important reminder for investors of Sable Offshore Corp. regarding a significant class action lawsuit. This lawsuit is aimed at those who purchased Sable's securities, specifically during the period from May 19, 2025, to June 3, 2025, or in connection with the company's secondary public offering dated May 21, 2025. The deadline for filing as a lead plaintiff in this securities class action is September 26, 2025.

Overview of the Lawsuit

The United States District Court for the Central District of California is currently reviewing the case, labeled Johnson v. Sable Offshore Corp., et al., under case number 25-cv-6869. The lawsuit alleges that Sable Offshore and some of its executives failed to disclose crucial information that could materially affect investors' decisions, thereby violating federal securities laws.

Concerns arose when Sable Offshore announced that a Santa Barbara County Superior Court Judge allowed requests from various plaintiffs for temporary restraints on the company, preventing it from transporting oil through the Las Flores Pipeline System until a hearing scheduled for July 18, 2025. In reaction to this unsettling news, Sable's stock price plummeted by $0.94 per share, equating to a 3.91% decline to a closing price of $23.10 on June 4, 2025.

Investors' Options

Investors who purchased Sable Offshore securities and are interested in recovering their economic losses are encouraged to contact Kahn Swick & Foti, LLC at their toll-free number 1-877-515-1850 or reach out via email at email protected] They can also visit [Kahn Swick & Foti’s website for more details on the lawsuit and how to proceed with filing for lead plaintiff status.

Kahn Swick & Foti, LLC is regarded as one of the leading boutique law firms specializing in securities litigation across the United States, providing robust representation for institutional and retail investors alike. The firm has a notable presence with offices in several key locations, including New York, California, and Louisiana. In the past year, they were acknowledged among the top ten plaintiff law firms nationally based on the total value of settlements achieved for clients.

Conclusion

For those impacted by the Sable Offshore securities situation, the upcoming deadline to file as a lead plaintiff is critical. It is essential for any investor who believes they are eligible to take action promptly in order to safeguard their interests and potentially recover losses incurred due to the alleged misconduct of the company and its executives.