Los Angeles - 
(NewMediaWire) - December 1, 2021 - The Schall Law Firm, a national shareholder rights litigation
firm, reminds investors of a class action lawsuit against Owlet,
Inc. (“Owlet” or “the Company”) (NYSE: OWLT) for violations of §§10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the
U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities
between March 31, 2021 and October 4, 2021, inclusive (the ''Class Period''),
are encouraged to contact the firm before January 18, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of
the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067,
at 310-301-3335, to discuss your rights free of charge. You can also reach us
through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this case, has not yet been
certified, and until certification occurs, you are not represented by an
attorney. If you choose to take no action, you can remain an absent class
member.
According to the Complaint, the Company made
false and misleading statements to the market. Owlet was likely to be required
to obtain a marketing authorization for its smart sock product since the FDA
had concluded it is a medical device. The Company was likely to cease
distribution of the product until the required authorization was obtained.
Based on these facts, the Company’s public statements were false and materially
misleading throughout the class period. When the market learned the truth about
Owlet, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors
around the world and specializes in securities class action lawsuits and
shareholder rights litigation.
This press release may be considered Attorney
Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
View the original release on www.newmediawire.com
