{"id":479768,"date":"2021-04-21T09:39:13","date_gmt":"2021-04-21T13:39:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-wireless-corp-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-so\/"},"modified":"2021-04-21T09:39:13","modified_gmt":"2021-04-21T13:39:13","slug":"franklin-wireless-corp-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-so","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-wireless-corp-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-so\/","title":{"rendered":"FRANKLIN WIRELESS CORP. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of California against Franklin Wireless Corp."},"content":{"rendered":"

\nLEAD PLAINTIFF DEADLINE IS JUNE 15, 2021
\n<\/h2>\n
\n

NEW YORK and SAN DIEGO, April 21, 2021 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP <\/a> announces that a class action lawsuit has been filed in the United States District Court for the Southern District of California on behalf of investors that purchased Franklin Wireless Corp. (NASDAQ: FKWL) securities between September 17, 2020 and April 8, 2021, inclusive (the \u201cClass Period\u201d).<\/p>\n

\n All investors who purchased shares of Franklin Wireless Corp.<\/strong>
\n and incurred losses are urged to contact the firm immediately at <\/strong>
\n
\n classmember@whafh.com<\/strong>
\n <\/a>
\n or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or <\/strong>
\n
\n join the case<\/strong>
\n <\/a>
\n on our website, <\/strong>
\n
\n www.whafh.com.<\/strong>
\n <\/a>\n <\/p>\n

If you have incurred losses in your investment in Franklin Wireless Corp. you may,<\/strong>no later than June 15, 2021, <\/strong>request that the Court appoint you lead plaintiff of the proposed class.\u00a0\u00a0 Please contact Wolf Haldenstein<\/a> to learn more about your rights as an investor in the shares of Franklin Wireless Corp.<\/p>\n

\n
\n CLICK HERE TO JOIN CASE<\/a>
\n <\/strong>\n <\/p>\n

On April 1, 2021, Franklin stated that it \u201cha[d] been notified of reports of battery issues in some of its wireless hotspot devices.\u201d<\/em> It also stated that the Company was \u201cworking with its battery and device manufacturing partners and carrier customer to determine the cause and extent of the problem.\u201d<\/em><\/p>\n

On this news, the Company\u2019s share price fell $0.35, or 1.65%, to close at $20.77 per share on April 5, 2021, the next trading session.<\/p>\n

On April 8, 2021, media reported that Verizon Wireless is recalling certain hotspot devices. According to CNBC, Verizon \u201cis recalling 2.5 million hotspot devices after discovering that the lithium ion battery can overheat, creating a fire and burning hazard.\u201d<\/em> Moreover, the \u201crecall impacts Ellipsis Jetpack mobile hotspots imported by Franklin Wireless Corp. and sold between April 2017 and March 2021.\u201d<\/em><\/p>\n

On this news, the Company\u2019s share price fell $2.82, or 14%, to close at $17.33 per share on April 8, 2021.<\/p>\n

On April 9, 2021, Franklin stated that its customer Verizon Wireless \u201chas issued a voluntary recall of its Jetpack Hotspot devices imported by Franklin.\u201d<\/em> The Company stated that \u201c[a]t this time, fewer than 20 reports of trouble have been received with over 2 million devices in [sic] sold over the last three and a half years.\u201d<\/em><\/p>\n

On this news, the Company\u2019s share price fell $4.07, or nearly 23%, to close at $13.26 per share on April 9, 2021.<\/p>\n

Wolf Haldenstein<\/a>\u00a0has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.<\/p>\n

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein<\/a> by telephone at (800) 575-0735, via e-mail at classmember@whafh.com<\/a>, or visit our website.<\/a><\/p>\n

Contact:<\/p>\n

Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com<\/a>, kcooper@whafh.com or classmember@whafh.com<\/a>
Tel: (800) 575-0735 or (212) 545-4774<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

LEAD PLAINTIFF DEADLINE IS JUNE 15, 2021 NEW YORK and SAN DIEGO, April 21, 2021 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in the United States District Court for the Southern District of California on behalf of investors that purchased Franklin Wireless Corp. (NASDAQ: FKWL) securities between September 17, 2020 and April 8, 2021, inclusive (the \u201cClass Period\u201d). All investors who purchased shares of Franklin Wireless Corp. and incurred losses are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com. If you have incurred losses in your … <\/p>\n

Continue reading “FRANKLIN WIRELESS CORP. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of California against Franklin Wireless Corp.”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-479768","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFRANKLIN WIRELESS CORP. 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