Pomerantz Law Firm Files Class Action Against Sable Offshore Corp. Over Alleged Securities Fraud

Class Action Lawsuit Against Sable Offshore Corp

The Pomerantz Law Firm has taken a significant step by announcing a class action lawsuit against Sable Offshore Corp (NYSE: SOC). This lawsuit comes after allegations surfaced regarding potential securities fraud and unlawful business practices related to the company's operations. Investors who believe they have incurred losses due to these alleged actions are being urged to take action before the upcoming deadlines.

Background of the Case

Sable Offshore Corp has faced scrutiny following its recent announcements regarding oil production activities. On May 19, 2025, the company proclaimed that it had resumed oil production from one of its offshore platforms connected to the Las Flores pipelines in California. However, just a few days later, on May 23, the California State Land Commission issued a letter to Sable, highlighting discrepancies in the company's announcements. The Commission remarked that Sable's portrayal of recent activities could potentially mislead the public, which raised critical questions about the corporation's true intentions and methods.

Moreover, following this communication, on May 28, the Santa Barbara County Superior Court granted a preliminary injunction concerning maintenance work on Sable's pipeline infrastructure in the coastal region. This ruling likely intensified investors' concerns, leading to a significant dip in Sable's stock price, which fell by 15.3% to $27.89 per share on May 28, 2025.

The situation worsened when, on June 4, Sable reported via a Form 8-K to the U.S. Securities and Exchange Commission that a temporary restraining order had been placed against the company, preventing it from transporting oil through its pipeline system until a court hearing on July 18. The immediate fallout resulted in an additional decline in Sable's stock price, dropping by 3.91% to $23.10 per share.

Call to Action for Investors

The Pomerantz Law Firm is currently inviting affected investors to make contact. Those who purchased Sable securities during the relevant Class Period (explicitly noted as before September 26, 2025) are encouraged to discuss their options. The firm emphasizes the importance of timely action, as investors have until September 26 to submit requests to be appointed as Lead Plaintiff in the case.

Investors are advised to reach out to the firm’s representative, Danielle Peyton, via email at [email protected] or by calling 646-581-9980 or the toll-free number 888-4-POMLAW, Ext. 7980. Interested parties should include their contact details and the number of shares they acquired in their communications.

About Pomerantz LLP

Pomerantz LLP is a well-established law firm recognized for specializing in corporate, securities, and antitrust class actions. Founded over 85 years ago by Abraham L. Pomerantz, regarded as a pioneer in the field of securities class action lawsuits, Pomerantz continues to uphold its reputation by vigorously advocating for victims of securities fraud. The firm has successfully recovered multimillion-dollar settlements for its clients, which speaks to its experience and determination in standing up against corporate misconduct.

For more information or to access a copy of the complaint, potential class members can visit the Pomerantz website at www.pomerantzlaw.com.

Conclusion

Investors in Sable Offshore Corp should act swiftly to assess their legal options regarding the ongoing class action lawsuit. The combination of regulatory scrutiny surrounding Sable's business practices and the significant drop in stock price poses a critical concern for shareholders. If you believe you have been affected, consider reaching out to Pomerantz LLP to explore your rights and possible compensation for your losses.