Pennsylvania

Investor Reminders: Kessler Topaz Meltzer & Check, LLP, Owlet, Inc. Remind investors of securities fraud class action proceedings filed against (OWLT).state

Radnor, Pennsylvania, November 25, 2021 / PRNewswire /-Law Firm Kessler Topaz Meltzer & Check, LLP Owlet, Inc. (“Owlet”) (NYSE: OWLT) f / k / a Notify investors that a class action proceeding has been filed against Sandbridge Acquisition Corp. (NYSE: SBG) (“Sandbridge”). The proceedings accuse Oulette of violating federal securities law, including omissions and fraudulent misrepresentations related to the company’s business, operations, and outlook. Owlet’s investors suffered significant losses as a result of Owlet’s virtually misleading remarks to the general public.

Plaintiff’s deadline: January 18, 2022

Class period: March 31, 2021 Use October 4, 2021

Contact a lawyer to discuss your rights:

James Malo, Esq. (484) 270-1453 or Call charges are free (844) 887-9500 or email info@ktmc.com

OWLET’S Alleged misconduct

Owlet, the headquarters is Lehi, UtahActs as a digital parenting platform with a focus on providing parents with real-time data and insights. The products are: OwletMonitorDuo to take a snapshot of your baby’s happiness. Owlet SmartSock that tracks your sleeping baby’s heart rate and oxygen and receives notifications when your baby needs to be checked. Owlet Cam, smart HD video baby monitor. And DreamLab is an online personalized baby sleep solution.

on July 15, 2021, Sandbridge merged with Owlet Baby Care Inc. and the merged company was renamed Owlet. Then, on October 4, 2021, Owlet announced that it had received a warning letter from the US Food and Drug Administration (“FDA”). The FDA letter was marketed by Owlet Smart Sock United States of America ‚ÄúSmartSock provides medical devices that require pre-marketing approval or FDA approval. [Owlet] We have not obtained such approval or approval in violation of the Federal Food, Drug, and Cosmetic Act. In the letter, the FDA will take “quick action” to remedy Owlet’s alleged breach, and Owlet will use “Smart Sock to measure blood oxygen saturation and pulse rate.” Such metrics are intended to identify or diagnose desaturation and slow pulse with an alarm function that notifies the user that the measured value is outside the preset range. “

In response to this news, Ourett’s stock price fell $ 1.29, Or 23%, close with $ 4.19 Per share October 4, 2021..

Outlet Investors At the latest January 18, 2022Demands to be appointed as the main plaintiff’s representative of the class through Kessler Topaz Meltzer & Check, LLP Or you may choose to remain a member of another lawyer, or a class that was absent without doing anything. Kessler Topaz Meltzer & Check, LLP Owlet investors who have suffered significant losses are advised to contact the company directly for more information.

Who can be the primary plaintiff?

The plaintiff chief is the representative party acting on behalf of all class members in conducting proceedings. The main plaintiff is usually the appropriate and typical investor or a small group of investors of the proposed class of investors with the greatest financial benefit. The Chief Plaintiff selects the Chief Plaintiff and the attorneys representing the class, who, if approved by the court, are the Chief or Class attorneys. The ability to share recovery is unaffected by the decision to act as the main plaintiff.

About KESSLER TOPAZ MELTZER & CHECK, LLP

Kessler Topaz Meltzer & Check, LLP Prosecute class actions in state and federal courts nationwide and around the world. The company has built a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate fraud. All of our work is driven by the common goal of protecting investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and trustees. After all, if the bad guys paid and recovered their assets, we were successful. The complaints in this proceeding were not filed by Kessler Topaz Meltzer & Check, LLP.For more information Kessler Topaz Meltzer & Check, LLP Please come www.ktmc.com..

Kessler Topaz Meltzer & Check, LLP

(844) 887-9500 (toll free)

Source Kessler Topaz Meltzer & Check, LLP

Investor Reminders: Kessler Topaz Meltzer & Check, LLP, Owlet, Inc. Remind investors of securities fraud class action proceedings filed against (OWLT).state

Source link Investor Reminders: Kessler Topaz Meltzer & Check, LLP, Owlet, Inc. Remind investors of securities fraud class action proceedings filed against (OWLT).state

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