{"id":2580,"date":"2021-11-19T20:13:50","date_gmt":"2021-11-19T20:13:50","guid":{"rendered":"https:\/\/rosen.flywheelsites.com\/?post_type=case&#038;p=2580"},"modified":"2022-03-21T17:23:08","modified_gmt":"2022-03-21T17:23:08","slug":"owlet-inc","status":"publish","type":"case","link":"https:\/\/rosenlegal.com\/case\/owlet-inc\/","title":{"rendered":"Owlet, Inc."},"content":{"rendered":"<p style=\"text-align: justify;\">According to the lawsuit, defendants throughout the Class Period made false and\/or misleading statements and\/or failed to disclose that:<\/p>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"font-size: 16px;\">Owlet was reasonably likely to be required to obtain marketing authorization for the Smart Sock because the FDA concluded it was a medical device; <\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-size: 16px;\">as a result, Owlet was reasonably likely to cease commercial distribution of the Smart Sock in the U.S. until it obtained the requisite approval; and<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-size: 16px;\"> as a result of the foregoing, defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor\u2019s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.<\/p>\n<p style=\"text-align: justify;\">Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}}},"categories":[],"tags":[],"acf":[],"lang":"en","translations":{"en":2580,"zh":4463},"pll_sync_post":{"en":true,"zh":true},"_links":{"self":[{"href":"https:\/\/rosenlegal.com\/wp-json\/wp\/v2\/case\/2580"}],"collection":[{"href":"https:\/\/rosenlegal.com\/wp-json\/wp\/v2\/case"}],"about":[{"href":"https:\/\/rosenlegal.com\/wp-json\/wp\/v2\/types\/case"}],"wp:attachment":[{"href":"https:\/\/rosenlegal.com\/wp-json\/wp\/v2\/media?parent=2580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rosenlegal.com\/wp-json\/wp\/v2\/categories?post=2580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rosenlegal.com\/wp-json\/wp\/v2\/tags?post=2580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}