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Class Action Lawsuit Filed Against Sable Offshore Corp. Over Alleged Securities Fraud
Class Action Lawsuit Filed Against Sable Offshore Corp. Over Alleged Securities Fraud
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BTCCSquare news:
Levi & Korsinsky initiated a class action lawsuit against Sable Offshore Corp. (SOC) on July 28, 2025, representing shareholders who purchased stock at allegedly inflated prices between May 19 and June 3, 2025. The complaint centers on misleading statements regarding the restart of oil production in California's Santa Ynez Unit and alleged deficiencies in the company's secondary public offering prospectus.
Houston-based Sable Offshore faces accusations of material omissions by its senior officers during the class period. Investors who acquired shares during this window may be eligible for compensation, with the lawsuit highlighting potential violations of securities regulations.
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