Owlet controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Class action filed against Owlet
Lawsuit filed
A class action lawsuit was filed against Owlet and certain officers. The complaint alleges that they made materially false or misleading statements and failed to disclose material adverse facts, including the likelihood that the Smart Sock would require FDA marketing authorization. These are allegations in the complaint, not determinations of wrongdoing.
Source excerpt
Pomerantz LLP announces that a class action lawsuit has been filed against Owlet, Inc. ("Owlet" or the "Company") f/k/a Sandbridge Acquisition Corporation ("Sandbridge") (NYSE: OWLT) (NYSE: OWLT WS) (NYSE: SBG) and certain of its officers.
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects.
The class action, filed in the United States District Court for the Central District of California, and docketed under 21-cv-09293