California Energy Journal

California Energy Journal

Offshore Oil

Class Action Securities Fraud Filed against Sable for Restart Claim

Aug 06, 2025
∙ Paid

Two law firms filed securities class action lawsuits against Sable Offshore Corp., alleging that the company misled investors about the restart of oil production at the Santa Ynez Unit. The suit, announced on July 30, 2025, claims that Sable Offshore stated that it had resumed oil production in the Santa Ynez Unit, when it had only begun testing. The cl…

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