StockNews.AI
SOC
StockNews.AI
18 days

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

1. Sable Offshore faces securities lawsuit for undisclosed material information. 2. Lead plaintiff applications are due by September 26, 2025. 3. Share price fell 3.91% on June 4, 2025 due to legal issues. 4. Temporary restraining orders affect oil transportation through the Las Flores Pipeline. 5. The lawsuit could lead to financial recoveries for affected investors.

6m saved
Insight
Article

FAQ

Why Bearish?

The lawsuit and restraining orders indicate compliance issues that historically lead to stock price declines.

How important is it?

The securities lawsuit directly links to potential financial losses for investors, indicating a significant impact.

Why Short Term?

The immediate legal actions are affecting investor confidence, impacting SOC's price now.

Related Companies

, /PRNewswire/ -- 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 (the "Class Period"); and/or (2) pursuant and/or traceable to Sable's May 21, 2025 secondary public offering (the "SPO").  This action is pending in the United States District Court for the Central District of California. What You May Do If you purchased securities of Sable Offshore and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-soc/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by September 26, 2025. About the Lawsuit Sable Offshore and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On June 4, 2025, the Company disclosed that "a Santa Barbara County Superior Court Judge granted ex parte requests from plaintiffs in Center for Biological Diversity, et al. v. California Department of Forestry and Fire Protection, et al. (25CV02244) and Environmental Defense Center, et al. v. California Department of Forestry and Fire Protection, et al. (25CV02247) for temporary restraining orders prohibiting Sable Offshore Corp. from restarting transportation of oil through the Las Flores Pipeline System pending the hearing on an order to show cause regarding a preliminary injunction scheduled for July 18, 2025.  Sable is exploring all possible avenues available to address these preliminary rulings." On this news, the price of Sable's shares fell by $0.94 per share, or 3.91%, to close at $23.10 on June 4, 2025.  The case is Johnson v. Sable Offshore Corp., et al., No. 25-cv-6869. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg. TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services To learn more about KSF, you may visit www.ksfcounsel.com. Contact: Kahn Swick & Foti, LLCLewis Kahn, Managing Partner[email protected] 1-877-515-18501100 Poydras St., Suite 960New Orleans, LA 70163 CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn SOURCE Kahn Swick & Foti, LLC WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News