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New York, New York--(Newsfile Corp. - November 29, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Owlet, Inc. f/k/a Sandbridge Acquisition Corporation (NYSE: OWLT) alleging that the Company violated federal securities laws.
Class Period: March 31, 2021 to October 4, 2021
Lead Plaintiff Deadline: January 18, 2022
No obligation or cost to you.
Learn more about your recoverable losses in OWLT:
Owlet, Inc. f/k/a Sandbridge Acquisition Corporation NEWS - OWLT NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Owlet, Inc. f/k/a Sandbridge Acquisition Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) Owlet was reasonably likely to be required to obtain marketing authorization for the Smart Sock because the Food and Drug Administration concluded it was a medical device; (2) 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) 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.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Owlet, Inc. you have until January 18, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Owlet, Inc. securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105709