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FKWL INVESTOR ALERT: Shareholder Lawsuit Filed

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Boston, Massachusetts--(Newsfile Corp. - May 12, 2021) - The Thornton Law Firm alerts investors that a class action lawsuit has been filed on behalf of investors of Franklin Wireless Corp. (NASDAQ: FKWL). The case is currently in the lead plaintiff stage. Investors who purchased FKWL stock or other securities between September 17, 2020 and April 8, 2021 may contact the Thornton Law Firm's investor protection team by visiting www.tenlaw.com/cases/Franklin to submit their information. Investors may also email investors@tenlaw.com or call 617-531-3917.

FOR MORE INFORMATION: www.tenlaw.com/cases/Franklin

The case alleges that Franklin Wireless and its senior executives made misleading statements to investors and failed to disclose that: (1) Franklin's hotspot devices suffered from battery issues, including overheating, thereby presenting a fire hazard; (2) as a result, it was reasonably likely that Franklin's customers would recall their devices; and (3) as a result, Franklin would suffer reputational harm.

Interested Franklin Wireless investors have until June 15, 2021 to retain counsel and apply to be a lead plaintiff if they are interested to do so. Investors do not need to be a lead plaintiff in order to be a class member. A lead plaintiff acts on behalf of all other investor class members in managing the class action. If investors choose to take no action, they can remain an absent class member. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney.

FOR MORE INFORMATION: www.tenlaw.com/cases/Franklin

Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

CONTACT:

Thornton Law Firm LLP
1 Lincoln Street
State Street Financial Center
Boston, MA 02111
www.tenlaw.com/cases/Franklin

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/83815

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