OWLT.US
id: 1417
Owlet (OWLT) Investors Settlement
The settlement terms have been submitted to the court for approval.
$3,500,000
Cash SettlementC.D. California
Court2:21-cv-09016
Case number03/31/2021
Class period Start10/04/2021
Class period EndOwlet has agreed to settlement with $OWLT investors over claims of misrepresenting regulatory compliance and failing to disclose FDA warnings about its flagship Smart Sock device.
Case Status
Stipulative Settlement
Alleged Offence
Misleading Statements
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.29
Filing date
11/17/2021
Plaintiffs
Drew Conant
Attorneys
Pomerantz LLP
Defendants
Kurt Workman; Kate Scolnick; Ken Suslow
Judge
Fernando L. Aenlle-Rocha
Administrator
Strategic Claims Services
Settlement agreement date
2025-01-31
Attorney fee
$1,346,667
Class wide damages
$120,500,000
Trades matching type
FIFO
Frequently Asked Questions
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