LOS ANGELES, CA / ACCESSWIRE / October 8, 2021 /Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Owlet, Inc. (“Owlet” or “the Company”) (NYSE: OWLT) for violating securities laws.
The investigation focuses on whether the Company has made false and / or misleading statements and / or failed to disclose relevant information to investors. Owlet revealed on October 4, 2021 that it had received a warning letter from the FDA regarding its product Owlet Smart Sock. According to the FDA, the Company has not obtained the agency’s clearance or consent to market the Smart Sock to the public, which the FDA considers to be a medical device. Based on this news, Owlet shares fell more than 20% in intraday trading on the same day.
If you are a shareholder who has 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 [email protected]
The class in this case has not yet been certified, and until certification occurs, you are not represented by legal counsel. If you choose to do nothing, you can remain an absent member of the group.
The Schall law firm represents investors around the world and specializes in securities class actions and shareholder rights litigation.
This press release may be considered an attorney’s advertisement in certain jurisdictions under applicable law and rules of professional conduct.
THE SOURCE: Schall Law Firm
See the source version on accesswire.com:
https://www.accesswire.com/667365/ONGOING-INVESTIGATION-REMINDER-The-Schall-Law-Firm-Announces-it-is-Investigating-Claims-Against-Owlet-Inc-and-Encourages-Investors-with- Contact-to-business losses