OWLT Investors Have Opportunity to Lead Owlet, Inc. Securiti...| MENAFN.COM

Tuesday, 18 January 2022 01:49 GMT

OWLT Investors Have Opportunity to Lead Owlet, Inc. Securities Fraud Lawsuit'


(MENAFN- PR Newswire)

BENSALEM, Pa., Jan. 14, 2022 /PRNewswire/ -- Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Owlet, Inc. ('Owlet' or the 'Company') (NYSE: OWLT ).

Class Period: March 31, 2021 – October 4, 2021 Lead Plaintiff Deadline: January 18, 2022

Investors suffering losses on their Owlet investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected] .

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors: (1) 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; (2) 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 (3) 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.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected] , or visit our website at .

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts Law Offices of Howard G. SmithHoward G. Smith, Esquire215-638-4847888-638-4847[email protected]

SOURCE Law Offices of Howard G. Smith

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