OWLT Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Owlet, Inc. Shareholders of Class Action and Principal Plaintiff Deadline: January 17, 2022
NEW YORK, NY / ACCESSWIRE / November 19, 2021 / Bronstein, Gewirtz & Grossman, LLC informs investors that a class action lawsuit has been filed against Owlet, Inc. (“Owlet” or the “Company”) (NYSE: OWLT) and certain of its officers, on behalf of shareholders who: (1) purchased or otherwise acquired Owlet between March 31, 2021 and October 4, 2021 inclusive (the “Class Period”); and / or (2) held common shares of Sandbridge held on June 1, 2021 and were eligible to vote at Sandbridge’s special meeting on July 14, 2021. These investors are encouraged to join in this matter by visiting the site of the company: www.bgandg .com / owl.
This class action lawsuit seeks to recover damages against the defendants for alleged violations of federal securities laws under the Securities Exchange Act of 1934.
The complaint alleges that throughout the Class Period, the Defendants made false and / or misleading statements and / or failed to disclose that: (1) it was reasonably likely that Owlet would be required to obtain clearance market launch for the Smart Sock because the FDA found it to be a medical device; (2) that, as a result, Owlet was reasonably likely to cease commercial distribution of the Smart Sock in the United States until it obtained the required approval; and (3) that as a result of the foregoing, the Defendants’ positive statements regarding the business, operations and prospects of the Company were substantially misleading and / or lacked reasonable basis.
A class action has already been filed. If you would like to review a copy of the complaint, you can visit the firm’s website: www.bgandg.com/owlt or you can contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you have suffered a claim in Owlet, you have until January 17, 2022 to request that the court appoint you as the principal plaintiff. Your ability to participate in any recovery does not require you to serve as the principal applicant.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our main expertise is the aggressive pursuit of contentious claims on behalf of our clients. In addition to representing institutions and other plaintiff investors in security class actions, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Lawyer advertising. Past results do not guarantee similar results.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
THE SOURCE: Bronstein, Gewirtz & Grossman, LLC
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