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16h ago

Sable Offshore Investors Face Sept. 26 Lead-Plaintiff Deadline in Suit Over Alleged Production Claims

The case in federal court in Los Angeles remains at an early stage with no class certified.

Sable offshore deadline: rosen, the first filing firm, encourages sable offshore corp. investors to secure counsel before important september 26 deadline in securities class action first filed by...

Overview

  • Notices from Rosen, Glancy Prongay & Murray, and Bernstein Liebhard urge investors to seek lead-plaintiff status by September 26, 2025.
  • The putative class covers purchases from May 19 to June 3, 2025 and includes shares traceable to Sable’s May 21, 2025 secondary public offering.
  • The complaint alleges Sable misled investors by claiming offshore oil production had resumed in California when activities were limited to regulatory well testing.
  • Regulatory and court actions cited include a California State Lands Commission letter, a Coastal Commission-related preliminary injunction, and temporary restraining orders halting use of the Las Flores Pipeline System.
  • Plaintiff firms report share declines of 15.3% on May 28, 2025 and 3.9% on June 4, 2025, and they note contingency-fee representation with no upfront costs.