A couple of questions as we’ve never used it and it is probably going to come up in our current RtL campaign:

1) How does it interact with Soar during outdoor encounters? RAW seem clear enough but I want to know if I’m missing something.
2) It takes 1 fatigue to remove a figure from a pit using Telekinesis. Can a monster be dropped in a pit, thus taking damage?

Cheers

As for 1): I would suspect that you would simply move the figure, but not change its altitude (whether or not it's Soaring).

2) Yes.