Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by certain officers and directors of Owlet, Inc. related to shareholder interests [1]. Group 1: Legal Investigation - A federal securities lawsuit alleges that Owlet insiders misrepresented or failed to disclose critical information regarding the Smart Sock, which the FDA classified as a medical device [2]. - The lawsuit claims that Owlet is likely required to obtain marketing authorization for the Smart Sock and may need to cease its commercial distribution in the U.S. until such approval is obtained [2]. - Positive statements made by Owlet about its business operations and prospects are alleged to be materially misleading and lack a reasonable basis [2]. Group 2: Shareholder Engagement - Long-term OWLT stockholders are encouraged to contact Kuehn Law for a free consultation regarding their rights as shareholders [3]. - The firm emphasizes the importance of shareholder participation in maintaining the integrity and fairness of financial markets [3].
Kuehn Law Encourages Investors of Owlet, Inc. to Contact Law Firm