Sable Offshore Corp., headquartered in Houston, is facing a class action lawsuit alleging securities fraud. The legal action, filed by national plaintiffs' law firm Berger Montague PC, claims that Sable misled investors by falsely stating it had resumed oil production off the coast of California. These alleged misrepresentations reportedly led to an artificial inflation of the company's stock price, ultimately harming investors when the truth emerged. The lawsuit targets investors who purchased Sable's publicly traded securities between May 19, 2025, and June 3, 2025, including those tied to the company's May 2025 secondary public offering. Investors have until September 26, 2025, to seek appointment as lead plaintiff representatives in the case.
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