Shareholders Filed a Lawsuit Against Sable Offshore for Misleading Production and Regulatory Claims

Court: C.D. California

Case: 2:25-cv-06869

On July 28, 2025, SOC shareholders have filed a class action against Sable Offshore, accusing it of falsely claiming it had restarted oil production, misleading the market about pipeline progress, and failing to disclose key regulatory setbacks.

What is this lawsuit about?

Between May 28, 2025, and July 7, 2025, Sable Offshore announced it had resumed production at the Santa Ynez Unit and completed repairs on its pipeline system—claims made as it promoted a $165 million secondary offering. But in reality, the California State Lands Commission had not approved pipeline use, and the company had failed to submit required safety documentation.

SOC dropped 14.8% on June 20 and another 14.2% on July 8.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify SOC investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.