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Encourage investors who have lost more than $100,000 to contact the company in advance June 15, 2021; Click Here Submit trade information
Los Angeles, June 15, 2021 (Global News Agency)- Portnor Law Firm Inform investors that a class action has been filed on their behalf Franklin Wireless (Nasdaq:FKWL) Between investors who acquired shares September 17, 2020 and April 8, 2021. Investors until June 15, 2021 Seek to play an active role in this lawsuit.
Encourage investors to contact a lawyer Leslie F. Portnoy, To determine eligibility for this action, please call 310-692-8883 or e-mail, Or click here Join the case.
In the complaint, Franklin allegedly stated on April 1, 2021 that “Ha[d] Received notification about reports of battery problems in some of its wireless hotspot devices” and “is working with its battery and equipment manufacturing partners and carrier customers to determine the cause and extent of the problem. “Then, on April 8, it was reported by the media that Verizon Wireless “will recall 2.5 million hotspot devices after discovering that lithium-ion batteries may overheat, causing fire and burning hazards.” “The recall affects the Ellipsis Jetpack mobile hotspot imported by Franklin Wireless and sold during April 2017 and March 2021. “Affected by this news, the share price fell 14% and closed at $17.33 per share on April 8. In 2021. Franklin announced the next day that Verizon “has voluntarily recalled the Jetpack Hotspot equipment imported by Franklin.” “Franklin’s share price fell nearly 23% due to this news and closed at $13.26 per share on April 9, 2021.
A class action has been filed.If you wish to be the lead plaintiff, you must June 15, 2021.
Please visit our website View more information and submit your transaction information.
Portnoy Law Firm filed claims arising from corporate misconduct on behalf of investors. The company’s founding partners have recovered more than $5.5 billion for victims of investors. Lawyer advertisement. The previous results do not guarantee similar results.
Lesley F. Portnoy, Esq.
Admitted to the California and New York Bar Association
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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