NEW YORK, Sept. 12, 2024 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law
firm, is investigating whether certain officers and directors of
Owlet, Inc. (NYSE: OWLT) breached their fiduciary
duties to shareholders.
According to a federal securities lawsuit, Owlet insiders caused
the company to misrepresent or fail to disclose that (1) Owlet was
reasonably likely to be required to obtain marketing authorization
for the Smart Sock because the FDA concluded it was a medical
device; (2) Owlet was reasonably likely to cease commercial
distribution of the Smart Sock in the U.S. until it obtained the
requisite approval; and (3) positive statements about the company's
business, operations, and prospects were materially misleading
and/or lacked a reasonable basis.
If you are a long-term OWLT stockholder
please contact Justin Kuehn,
Esq. here or call (833) 672-0814. The consultation
and case are free with no obligation to you. Kuehn Law pays all case costs and does not
charge its investor clients. Shareholders should contact the
firm immediately as there may be limited time to enforce your
rights.
Why Your Participation Matters:
As a shareholder your voice matters, and by getting involved,
you contribute to the integrity and fairness of the financial
markets. Your investment. Your voice. Your
future.™
For additional information, please visit Shareholder Derivative
Litigation - Kuehn Law.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968
justin@kuehn.law
(833) 672-0814
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SOURCE Kuehn Law, PLLC