NEW YORK, May 29, 2021 (GLOBE NEWSWIRE) – WHY: Rosen Law Firm, a global investor rights law firm, is reminding buyers of Franklin Wireless Corp securities between September 17, 2020 and April 8. (NASDAQ: FKWL). 2021, including (the “Class Period”) the Major Plaintiff deadline of June 15, 2021.
SO WHAT: If you purchased Franklin securities during the class period, you may be eligible for compensation without paying any out-of-pocket expenses or expense through a contingent fee agreement.
WHAT TO DO NEXT: To participate in the Franklin class action, go to http://www.rosenlegal.com/cases-register-2086.html or call Phillip Kim, Esq. toll free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you want to stand as the lead plaintiff, you must transfer the court by June 15, 2021 at the latest. A lead plaintiff is a representative party who acts on behalf of other group members in directing the dispute.
WHY ROSEN LAW: We encourage investors to select qualified lawyers with a track record in leadership roles. Advertising companies often do not have comparable experience or resources. Rosen law firm represents investors around the world and focuses its practice on securities class actions and shareholder derivatives lawsuits. Rosen Law Firm has filed the largest class-action securities lawsuit ever against a Chinese company. Rosen Law Firm was ranked # 1 by ISS Securities Class Action Services for 2017 number of securities class action settlements. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company raised over $ 438 million for investors. In 2020, founding partner Laurence Rosen was named Titan of Plaintiffs’ Bar by Law360. Many of the firm’s attorneys are recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the complaints, throughout the class action period, defendants made false and / or misleading statements and / or failed to disclose: (1) Franklin’s hotspot devices suffered from battery problems, including overheating, which created a risk of fire; (2) it was therefore quite likely that the company’s customers would recall Franklin’s devices; (3) Franklin would suffer reputational damage as a result; and (4) as a result of the foregoing, Defendants’ positive statements regarding Franklin’s business, operations and prospects were materially misleading and / or lacking a reasonable basis. When the real details hit the market, the lawsuit claims that investors have suffered damage.
To participate in the Franklin class action, visit http://www.rosenlegal.com/cases-register-2086.html or call Phillip Kim, Esq. toll free at 866-767-3653 or email [email protected] or [email protected] for class action information.
No class has been certified. Until a class is certified, you will not be represented by a lawyer unless you keep one. You can choose an advisor of your choice. You can also remain an absent class member and do nothing at this point. An investor’s ability to partake in a potential future repayment does not depend on their being the lead plaintiff.
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