An investigation on behalf of current long term investors in Franklin Wireless Corp. (NASDAQ:FKWL) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 08/16/2021 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Franklin Wireless Corp.
Investors who are current long term investors in Franklin Wireless Corp. (NASDAQ: FKWL) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in Franklin Wireless Corp. (NASDAQ: FKWL stocks follows a lawsuit filed against Franklin Wireless Corp. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: FKWL stocks, concerns whether certain Franklin Wireless Corp. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that 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:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.