Particle.news
Download on the App Store
3 ARTICLES
·
2w ago

Sable Offshore Investors Face Sept. 26 Deadline in Securities Class Action

The suit alleges Sable misled investors by claiming a California offshore oil restart that had not occurred.

Soc deadline notice: rosen, leading trial attorneys, encourages sable offshore corp. investors with losses in excess of $100k to secure counsel before important september 26 deadline in securities...

Overview

  • Rosen Law Firm issued a Sept. 21 reminder of the court’s Sept. 26, 2025 deadline to seek appointment as lead plaintiff and says it filed the case.
  • Bronstein, Gewirtz & Grossman announced on Sept. 15 that a class action had been filed and invited investors with losses to seek lead-plaintiff status.
  • The proposed class covers purchasers between May 19 and June 3, 2025, as well as investors who bought shares pursuant or traceable to the May 21, 2025 secondary offering.
  • The complaint claims the company stated oil production had restarted off California when it had not, and alleges investors were harmed when the truth emerged.
  • No class has been certified, and investors are not represented by counsel unless they retain one, while eligibility to share in any potential recovery does not depend on serving as lead plaintiff.