Franklin Wireless (FKWL) $2.4M Shareholder Settlement
Franklin Wireless Corp. (FKWL) agreed to settle $2.4 million with investors to end claims over concealing that Franklin’s hotspot devices suffered from battery issues, including overheating, thereby presenting a fire hazard.
Frequently Asked Questions
All persons and entities other than defendants who purchased or otherwise acquired Franklin Wireless Corp. common stock between September 17, 2020 and April 8, 2021, inclusive.
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
The final payout amount depends on your specific trades and the number of investors participating in the settlement.
If 100% of investors file their claims - the average payout will be $0.95 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $3.8 per share.
If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.
11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:
1. Prepare documents for your payout.
2. Audit the claim and make sure you get the maximum possible payout.
3. File a claim with the settlement administration.
4. Correspond with the settlement administration to resolve emerging issues.
5. Deliver payout directly to your brokerage account.
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.