Overview

• Investors have until September 26, 2025 to seek lead‑plaintiff status in a federal class action pending in the Central District of California.
• The complaint alleges Sable touted a May 19 restart of offshore oil production that California officials described as limited well testing.
• The proposed class covers purchases from May 19 to June 3, 2025, including shares sold in the May 21 secondary public offering.
• Santa Barbara County Superior Court actions included a May 28 preliminary injunction and June 4 temporary restraining orders blocking oil transport through the Las Flores Pipeline System.
• Sable’s shares fell about 15.3% on May 28 and 3.9% on June 4, and multiple firms including Rosen, Glancy Prongay & Murray, Bernstein Liebhard, and Hagens Berman are soliciting investors, with one notice indicating underwriters are also targeted.