Archived Investigations

Sable Offshore Corp. (NYSE: SOC)

Company Name:Sable Offshore Corp.
Stock Symbol:Sable Offshore Corp. (NYSE: SOC)
Court:Central District of California
Class Period Start:05/19/2025
Class Period End (inclusive):06/03/2025
Filing Deadline:The deadline has passed.
July 30, 2025

Sable Offshore and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On June 4, 2025, the Company disclosed that “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. 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.  Sable is exploring all possible avenues available to address these preliminary rulings.”

On this news, the price of Sable’s shares fell by $0.94 per share, or 3.91%, to close at $23.10 on June 4, 2025.

The case is Johnson v. Sable Offshore Corp., et al., No. 25-cv-6869.

Click here to read the first filed complaint.