Investigations

GRABAR LAW OFFICE INVESTIGATES CLAIMS ON BEHALF OF SHAREHOLDERS OF SABLE OFFSHORE CORP. (NYSE: SOC)

Grabar Law Office is investigating claims on behalf of shareholders of Sable Offshore Corporation (NYSE: SOC) The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.

Sable Offshore Corp. is an independent oil and gas company focused on developing the Santa Ynez Unit in federal waters offshore California. They operate three production platforms and own 16 federal leases within the unit, encompassing approximately 76,000 acres. Sable also owns and operates subsea pipelines that transport crude oil, natural gas, and produced water to onshore processing facilities at Las Flores Canyon.

As alleged in a recently filed federal securities fraud class action complaint, Sable Offshore Corp. (NYSE: SOC), through certain of its officers, made false and/or misleading statements and/or failed to disclose that: (1) they 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 Sable's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the underlying lawsuit claims that investors suffered damages.

WHAT YOU CAN DO NOW: If you purchased Sable Offshore Corp. (NYSE: SOC) shares prior to May 19, 2025, and still hold shares today, you are encouraged to contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.  You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.  If, alternatively, you purchased your shares between May 19, 2025, and June 3, 2025, inclusive (the “Class Period”), and/or pursuant and/or traceable to the Company’s May 21, 2025 secondary public offering (the “SPO”).

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