Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Securities Class Action

Securities fraud litigation history and active cases

In Litigation

0

Settlement

0

Closed

1

Total Settlement

$2.4M

FRANKLIN WIRELESS CORP (FKWL) Class Action Lawsuit (April 2021)

Closed

3:21cv687 • April 16, 2021

Class Period Start

September 16, 2020

Class Period End

July 7, 2021

PSLRA Deadline

June 15, 2021

Case Allegations

10b5

Statutes of Repose

Sep 16, 2023

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

August 22, 2024

Settlement Fund

$2,400,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased or otherwise acquired securities during the period between September 17, 2020 and April 8, 2021, inclusive.

Claim Administrator

Epiq
Ali v. Franklin Wireless Corp. c/o Epiq PO Box 5380 Portland, OR 97228-5380
+1 877-723-2630
[email protected]

Hearing Date

October 10, 2024

Opt-out Deadline

September 18, 2024

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jul 24, 2025

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

Dec 19, 2024

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Sep 19, 2024

Motion for Final Approval of Settlement

The parties have asked the court to grant final approval of the proposed settlement. The judge will consider whether the settlement should be approved after reviewing the settlement terms and any objections. If approved, eligible investors who submit valid claims may receive a payment after the claims review and distribution process is completed.

May 20, 2024

Proposed Settlement

May 20, 2024

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

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