1. Investors can lead securities fraud lawsuit against Sable Offshore Corp. (SOC). 2. Allegations include failure to disclose non-restarted oil production in California. 3. Investors must participate before September 26, 2025, for lead plaintiff status. 4. The lawsuit is based on misleading statements about business operations.
The lawsuit may instill investor fear, similar to past incidents where fraud claims adversely affected stock prices of implicated companies.
The announcement of legally actionable allegations creates potential risk for existing investors, impacting shareholder sentiment and stock value.
Investor sentiment may decline in the immediate future due to the lawsuit announcement.
LOS ANGELES, Aug. 14, 2025 /PRNewswire/ -- Glancy Prongay & Murray LLP announces that investors with losses have opportunity to lead the securities fraud class action lawsuit against Sable Offshore Corp. ("Sable" or the "Company") (NYSE: SOC).
IF YOU SUFFERED A LOSS ON YOUR SABLE INVESTMENTS, CLICK HERE BEFORE SEPTEMBER 26, 2025 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT
What Is The Lawsuit About?
The complaint filed alleges that, between May 19, 2025 and June 3, 2025, Defendants failed to disclose to investors that: (1) Defendants represented that Sable Offshore Corp. had restarted oil production off the coast of California when it had not; and (2) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: shareholders@glancylaw.com
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.
If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contact Us:
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles, CA 90067
Charles Linehan
Email: shareholders@glancylaw.com
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/sable-offshore-corp-soc-investors-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit-302529666.html
SOURCE Glancy Prongay & Murray LLP