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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.