Step 1
Draft
Step 2
Unite with Fellow Investors
Step 3
Choose the Best Attorney
Step 4
Provide Documents
Step 5
Follow Case Progress
Step 6
Get Payout
FKWL.US
id: 741
Franklin Wireless (FKWL) $2.4M Shareholder Settlement
The process of distributing settlement funds to claimants has started.
$2,400,000
Cash SettlementS.D. California
Court3:21-cv-00687
Case number09/17/2020
Class period Start04/08/2021
Class period End08/22/2024
Claim deadlineFranklin 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.
Case Type
US Securities Class Action
Case Status
Disbursement
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.95
Filing date
04/16/2021
Plaintiffs
Gergely Csaba
Attorneys
Pomerantz LLP (New York, NY), Portnoy Law Firm (Los Angeles, CA)
Defendants
OC Kim, David Brown
Judge
Hon. Anthony J. Battaglia
Administrator
EPIQ
Settlement agreement date
2023-05-24
Trades matching type
FIFO
Frequently Asked Questions
Who is eligible for this settlement?
Do I have to sell securities to be eligible?
How long does the payout process take?
How much will my payment be?
How to get your payout?
What is 11th.com?
Trusted by industry leaders
Endorsed by top professionals who trust our innovative solutions to drive impactful results.