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Business Upturn
2 days ago
- Business
- Business Upturn
SOC INVESTOR DEADLINE: Sable Offshore Corp. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
SAN DIEGO, Aug. 09, 2025 (GLOBE NEWSWIRE) — Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Sable Offshore Corp. (NYSE: SOC) publicly traded securities between May 19, 2025 and June 3, 2025, all dates inclusive (the 'Class Period') and/or pursuant and/or traceable to Sable Offshore's registration statement issued in connection with Sable Offshore's May 21, 2025 secondary public offering (the 'SPO'), have until September 26, 2025 to seek appointment as lead plaintiff of the Sable Offshore class action lawsuit. Captioned Johnson v. Sable Offshore Corp. , No. 25-cv-06869 (C.D. Cal.), the Sable Offshore class action lawsuit charges Sable Offshore as well as certain of Sable Offshore's top executives and underwriters of the SPO with violations of the Securities Act of 1933 and/or the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Sable Offshore class action lawsuit, please provide your information here: You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected]. CASE ALLEGATIONS: Sable Offshore operates as an independent oil and gas company. According to the Sable Offshore class action lawsuit, on or about May 21, 2025, Sable Offshore conducted its SPO, issuing 10 million shares of its common stock at the offering price of $29.50 per share for proceeds of $295 million to Sable Offshore. The Sable Offshore class action lawsuit alleges that defendants throughout the Class Period and in the SPO's offering documents represented that Sable Offshore had restarted oil production off the coast of California when it had not. The Sable Offshore class action lawsuit further alleges that on May 23, 2025, Eleni Kounalakis, the Lieutenant Governor of California and chair of the California State Lands Commission wrote a letter to Sable Offshore's Vice President of Environmental & Government Affairs, Steve Rusch, stating that a May 19, 2025 Sable Offshore press release 'appears to mischaracterize the nature of recent activities, causing significant public confusion and raising questions regarding Sable's intentions. Your press release also implies that Sable has restarted operations at the Santa Ynez Unit (SYU). However, Commission staff has informed me that the limited volume oil flows are the result of well-testing procedures required by the Bureau of Safety and Environmental Enforcement prior to restart. These activities do not constitute a resumption of commercial production or a full restart of the SYU.' The May 23 letter was not published on the internet for the general public to view until May 28, 2025, the complaint alleges. On this news, the price of Sable Offshore stock fell more than 15%, according to the Sable Offshore class action lawsuit. Then, on June 4, 2025, the complaint alleges that Sable Offshore revealed that '[o]n June 3, 2025, 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. ('Sable') 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.' On this news, the price of Sable Offshore stock fell further, according to the Sable Offshore class action lawsuit. THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Sable Offshore publicly traded securities during the Class Period and/or pursuant and/or traceable to the SPO to seek appointment as lead plaintiff in the Sable Offshore class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Sable Offshore class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Sable Offshore class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Sable Offshore class action lawsuit. ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Contact: Robbins Geller Rudman & Dowd LLP J.C. Sanchez, Jennifer N. Caringal 655 W. Broadway, Suite 1900, San Diego, CA 92101 800-449-4900 [email protected]
Business Wire
04-08-2025
- Business
- Business Wire
SOC INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Sable Offshore Corp. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
SAN DIEGO--(BUSINESS WIRE)--The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Sable Offshore Corp. (NYSE: SOC) publicly traded securities between May 19, 2025 and June 3, 2025, both dates inclusive (the 'Class Period') and/or pursuant and/or traceable to Sable Offshore's registration statement issued in connection with Sable Offshore's May 21, 2025 secondary public offering ('SPO'), have until September 26, 2025 to seek appointment as lead plaintiff of the Sable Offshore class action lawsuit. Captioned Johnson v. Sable Offshore Corp., No. 25-cv-06869 (C.D. Cal.), the Sable Offshore class action lawsuit charges Sable Offshore as well as certain of Sable Offshore's top executives and underwriters of the SPO with violations of the Securities Act of 1933 and/or the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Sable Offshore class action lawsuit, please provide your information here: CASE ALLEGATIONS: Sable Offshore operates as an independent oil and gas company. According to the Sable Offshore class action lawsuit, on or about May 21, 2025, Sable Offshore conducted its SPO, issuing 10 million shares of its common stock at the offering price of $29.50 per share for proceeds of $295 million to Sable Offshore. The Sable Offshore class action lawsuit alleges that defendants throughout the Class Period and in the SPO's offering documents represented that Sable Offshore had restarted oil production off the coast of California when it had not. The Sable Offshore class action lawsuit further alleges that on May 23, 2025, Eleni Kounalakis, the Lieutenant Governor of California and chair of the California State Lands Commission wrote a letter to Sable Offshore's Vice President of Environmental & Government Affairs, Steve Rusch, stating that a May 19, 2025 Sable Offshore press release 'appears to mischaracterize the nature of recent activities, causing significant public confusion and raising questions regarding Sable's intentions. Your press release also implies that Sable has restarted operations at the Santa Ynez Unit (SYU). However, Commission staff has informed me that the limited volume oil flows are the result of well-testing procedures required by the Bureau of Safety and Environmental Enforcement prior to restart. These activities do not constitute a resumption of commercial production or a full restart of the SYU.' The May 23 letter was not published on the internet for the general public to view until May 28, 2025, the complaint alleges. On this news, the price of Sable Offshore stock fell more than 15%, according to the Sable Offshore class action lawsuit. Then, on June 4, 2025, the complaint alleges that Sable Offshore revealed that '[o]n June 3, 2025, 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. ('Sable') 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.' On this news, the price of Sable Offshore stock fell further, according to the Sable Offshore class action lawsuit. THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Sable Offshore publicly traded securities during the Class Period and/or pursuant and/or traceable to the SPO to seek appointment as lead plaintiff in the Sable Offshore class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Sable Offshore class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Sable Offshore class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Sable Offshore class action lawsuit. ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices.
Business Wire
01-08-2025
- Business
- Business Wire
Law Offices of Frank R. Cruz Encourages Sable Offshore Corp. (SOC) Investors To Inquire About Securities Fraud Class Action
LOS ANGELES--(BUSINESS WIRE)-- The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of investors who purchased Sable Offshore Corp. ('Sable' or the 'Company') (NYSE: SOC) securities between , inclusive (the 'Class Period'), and/or pursuant and/or traceable to the Company's May 21, 2025 secondary public offering (the 'SPO'). Sable investors have until September 26, 2025 to file a lead plaintiff motion. Law Offices of Frank R. Cruz Encourages Sable Offshore Corp. (SOC) Investors To Inquire About Securities Fraud Class Action Share IF YOU SUFFERED A LOSS ON YOUR SABLE OFFSHORE CORP. (SOC) INVESTMENTS, CLICK HERE TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT. You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at info@ by telephone at (310) 914-5007, or visit our website at What Happened? On May 19, 2025, Sable announced that it had resumed oil production from one of three offshore platforms related for its Las Flores pipelines ('Onshore Pipeline') in California. Then, on May 23, 2025, the California State Land Commission sent Sable a letter regarding its May 19th announcement, warning that it 'appears to mischaracterize the nature of recent activities, causing significant public confusion and raising questions regarding Sable's intentions,' and that Sable had conflated offshore well testing activities required by a federal regulatory agency with the restart of operations. Then, 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, Sable's stock price fell $5.04, or 15.3%, to close at $27.89 per share on May 28, 2025, thereby injuring investors. 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, Sable's stock price fell $0.94, or 3.9%, to close at $23.10 per share on June 4, 2025, thereby injuring investors further. What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, 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 purchased Sable securities, wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please click HERE or contact us at: Law Offices of Frank R. Cruz 2121 Avenue of the Stars, Suite 800 Telephone: 310-914-5007 Email: info@ Visit our website at: This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Business Wire
31-07-2025
- Business
- Business Wire
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm Encourages Sable Offshore Corp. (SOC) Investors To Inquire About Securities Fraud Class Action
LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, announces that a securities fraud class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Sable Offshore Corp. ('Sable' or the 'Company') (NYSE: SOC) securities between , inclusive (the 'Class Period'), and/or pursuant and/or traceable to the Company's May 21, 2025 secondary public offering (the 'SPO'). Sable investors have until September 26, 2025 to file a lead plaintiff motion. IF YOU SUFFERED A LOSS ON YOUR SABLE OFFSHORE CORP. (SOC) INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS What Happened? On May 19, 2025, Sable announced that it had resumed oil production from one of three offshore platforms related for its Las Flores pipelines ('Onshore Pipeline') in California. Then, on May 23, 2025, the California State Land Commission sent Sable a letter regarding its May 19th announcement, warning that it 'appears to mischaracterize the nature of recent activities, causing significant public confusion and raising questions regarding Sable's intentions,' and that Sable had conflated offshore well testing activities required by a federal regulatory agency with the restart of operations. Then, 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, Sable's stock price fell $5.04, or 15.3%, to close at $27.89 per share on May 28, 2025, thereby injuring investors. 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, Sable's stock price fell $0.94, or 3.9%, to close at $23.10 per share on June 4, 2025, thereby injuring investors further. What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, 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. If you purchased or otherwise acquired Sable securities during the Class Period, you may move the Court no later than September 26, 2025 to request appointment as lead plaintiff in this putative class action lawsuit. 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@ Telephone: 310-201-9150, Toll-Free: 888-773-9224 Visit our website at 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 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. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Business Upturn
31-07-2025
- Business
- Business Upturn
SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Sable Offshore
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 Sable Offshore To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 in Sable Offshore between May 19, 2025 and June 3, 2025 and/or pursuant to Sable's May 21, 2025 secondary public offering (the 'SPO') and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, July 30, 2025 (GLOBE NEWSWIRE) — Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Sable Offshore Corp. ('Sable Offshore' or the 'Company') (NYSE: SOC) and reminds investors of the September 26, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose 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' statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times. On May 28, 2025, published an article entitled 'Sable Offshore Corp stock sinks following court injunction.' The article stated that Sable's stock had fallen after 'the California Coastal Commission was granted a preliminary injunction against the company's pipeline repair and maintenance activities within the coastal zone in unincorporated Santa Barbara County. The court's decision, which aligns with the Coastal Act's strict regulations on coastal development, has raised concerns about potential project delays and additional costs for Sable Offshore.' On this news, Sable's stock fell $5.04 per share, or 15.3%, to close at $27.89 per share on May 28, 2025. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Sable Offshore's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the Sable Offshore class action, go to or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Follow us for updates on LinkedIn, on X, or on Facebook. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
