Press release
Deadline on January 18th coming up in Lawsuit for Investors in Owlet, Inc. (NASDAQ: OWLT) I
A Deadline is coming up on January 18, 2022 in the lawsuit for certain investors in Owlet, Inc. (NASDAQ: OWLT).
Investors who purchased shares of Owlet, Inc. (NASDAQ: OWLT) have certain options and there are strict and short deadlines running. Deadline: January 18, 2022. NASDAQ: OWLT stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges on behalf of purchasers of Owlet, Inc. (NASDAQ: OWLT) common shares between March 31, 2021 and October 4, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 31, 2021 and October 4, 2021, the Defendants failed to disclose to investors that Owlet was reasonably likely to be required to obtain marketing authorization for the Smart Sock because the FDA concluded it was a medical device, that, as a result, Owlet was reasonably likely to cease commercial distribution of the Smart Sock in the U.S. until it obtained the requisite approval, and 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.
Those who purchased shares of Owlet, Inc. (NASDAQ: OWLT) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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