Johnson Fistel Begins Investigation on Behalf of Long-Term Sable Offshore Corp. Shareholders

Johnson Fistel, PLLP, a leading stockholder rights law firm, has initiated an investigation into certain board members and executive officers of Sable Offshore Corp. (NYSE: SOC) for potential breaches of fiduciary duties and violations of federal securities laws.

What is Johnson Fistel Investigating?

Previously, a class action complaint was filed against the company alleging that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors:

1. That Sable Offshore Corp. misrepresented the status of its oil production activities, claiming a restart of operations when, in fact, only well-testing procedures were conducted.
2. That, as a result, Sable Offshore Corp. was reasonably likely to incur regulatory scrutiny and face fines, penalties, and reputational harm.
3. That, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Current stockholders who held their Sable Offshore Corp. stock before May 19, 2025, are encouraged to contact Johnson Fistel to discuss their legal rights in this matter.