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OWLET INVESTIGATION: Block & Leviton Is Investigating Owlet, Inc. For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm

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  • OWLT

BOSTON, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Owlet, Inc. (NYSE: OWLT) for potential securities law violations. Investors who have lost money in their Owlet, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/owlt.

What is this all about?

On October 4, 2021, Owlet Inc. announced that it had received a warning letter from the FDA asserting that Owlet’s marketing of its Smart Sock product in the US renders the product a medical device requiring premarket clearance or approval from the FDA. Owlet has not obtained such clearance or approval.

Owlet Inc went public via a deSPAC transaction with blank check company Sandbridge Acquisition Corporation in July 2021.

On this news, shares of Owlet stock have fallen over 20%.

Who is eligible?

Anyone who purchased Owlet, Inc. stock and has lost money as a result of this news may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.

What is Block & Leviton doing?

Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.

What should you do next?

If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.

Why should you contact Block & Leviton?

Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.

This notice may constitute attorney advertising.

260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com

SOURCE: Block & Leviton LLP