A Deadline is coming up on June 15, 2021 in the lawsuit for certain investors in Franklin Wireless Corp. (NASDAQ:FKWL).
San Diego, CA -- (SBWIRE) -- 06/15/2021 -- The Shareholders Foundation announced that 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 email@example.com or call +1(858) 779 - 1554.
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.
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