Owlet Inc., maker of the Smart Sock baby health monitor, was hit with a securities class action Wednesday in California Central District Court. The suit, backed by Glancy Prongay & Murray, alleges that executives of Owlet, which went public in July 2021 by merging with a special purpose acquisition company, failed to disclose that its Smart Sock device was likely to be treated as a medical device by the Food and Drug Administration. Counsel have not yet appeared for the defendants. The case is 2:21-cv-09016, Butala v. Owlet, Inc. f/k/a Sandbridge Acquisition Corporation et al.
This suit was surfaced by Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Law.com Radar publishes daily updates on just-filed federal cases like this one. Click here to get started and be first to know about new suits in your region, practice area or client sector.
