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NEW YORK, NY / ACCESSWIRE / April 30, 2021 / Labaton Sucharow, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Franklin Wireless Corp. ("Franklin" or "the Company") (NASDAQ:FKWL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between September 17, 2020 and April 8, 2021, inclusive (the ''Class Period''), are encouraged to contact the
litigation partner assigned to the matter, David J. Schwartz via email at firstname.lastname@example.org or using the toll-free number (800) 321-0476. The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Franklin's hotspot products suffered from problems with their batteries such as overheating, which caused the devices to become a fire hazard. The Company's customers were likely to be forced to recall the hotspot devices from their end-user customers. Based on these facts, the Company's public statements were false and materially misleading. When the market learned the truth about Franklin, investors suffered damages.
Join the case to recover your losses.
About the Firm
Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at http://www.labaton.com.
David J. Schwartz
SOURCE: Labaton Sucharow LLP
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