Sign In
OWLT.US
id: 1417

Owlet (OWLT) Investors Settlement

The settlement terms have been submitted to the court for approval.
$3,500,000
Cash Settlement
C.D. California
Court
2:21-cv-09016
Case number
03/31/2021
Class period Start
10/04/2021
Class period End
Owlet 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

Who is eligible for this settlement?
Do I have to sell securities to be eligible?
How long does the payout process take?
How much will my payment be?
What is 11th Estate?

Owlet Inc

Owlet, Inc. provides digital parenting solutions in the United States, the United Kingdom, and internationally. The company offers a digital parenting platform that provides real-time data and insi...

    Ticker
    OWLT.US
    ISIN
    US69120X1072
    CIK
    0001816708
    Sector
    Healthcare
    Industry
    Medical Devices
    Country
    USA
    Address
    2940 West Maple Loop Drive, Lehi, UT, United States, 84043