KSF launches investigation into Sable Offshore over securities disclosures

  • KSF commenced an investigation into Sable Offshore and its officers and directors.
  • June 4, 2025 orders barred Sable from restarting oil transport through the Las Flores Pipeline System.
  • Sable and certain executives face an ongoing federal securities class action over disclosure allegations.

Kahn Swick & Foti, LLC (KSF) has commenced an investigation into Sable Offshore Corp. and is examining whether company officers or directors breached fiduciary duties to shareholders or violated state or federal laws. The inquiry follows Sable's June 4, 2025 disclosure that a Santa Barbara County Superior Court judge issued temporary restraining orders blocking the restart of oil transportation through the Las Flores Pipeline System pending a July 18, 2025 hearing. Sable and certain executives were subsequently named in an ongoing securities class action alleging failures to disclose material information during the Class Period. Former Attorney General of Louisiana Charles C. Foti, Jr., Esq., a KSF partner, announced the investigation. KSF is seeking information from potential witnesses and long-term Sable shareholders and says consultations are available without obligation or cost.

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