Sable Offshore Corp. (NYSE: SOC)

This lawsuit for anyone who acquired securities in Sable Offshore Corp. (NYSE: SOC) from May 19, 2025 through June 3, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by falsely stating that the Company had resumed oil production from one of three offshore platforms related for its Las Flores pipelines in California.

On May 28, 2025, the Santa Barbara County Superior Court approved a preliminary injunction from the California Coastal Commission regarding Sable’s maintenance and repair work in the coastal zone related to the Onshore Pipeline. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on June 4, 2025, Sable disclosed that a Santa Barbara County Superior Court Judge had granted “temporary restraining orders prohibiting [Sable] from restarting transportation of oil through the Las Flores Pipeline System.” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Sable Offshore Corp. (NYSE: SOC) from May 19, 2025 through June 3, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.