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Deadline on June 15th in Lawsuit for Investors in shares of Franklin Wireless Corp. (NASDAQ: FKWL)

06-10-2021 09:47 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on June 15, 2021 in the lawsuit for certain investors in Franklin Wireless Corp. (NASDAQ: FKWL).

A Deadline is coming up on June 15, 2021 in the lawsuit for certain investors in Franklin Wireless Corp. (NASDAQ: FKWL).

A deadline is coming up on June 15, 2021 in the lawsuit filed for certain investors of Franklin Wireless Corp. (NASDAQ: FKWL).

Investors who purchased shares of Franklin Wireless Corp. (NASDAQ: FKWL) have certain options and there are strict and short deadlines running. Deadline: June 15, 2021. NASDAQ: FKWL stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of California the plaintiff alleges on behalf of purchasers of Franklin Wireless Corp. (NASDAQ: FKWL) common shares between September 17, 2020 and April 8, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between September 17, 2020 and April 8, 2021, the Defendants failed to disclose to investors that Franklin’s hotspot devices suffered from battery issues, including overheating, thereby presenting a fire hazard, that, as a result, it was reasonably likely that the Company’s customers would recall Franklin’s devices, that, as a result, Franklin would suffer reputational harm, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Franklin Wireless Corp. (NASDAQ: FKWL) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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