Welcome to the website for Ali v. Franklin Wireless Corp. Securities Litigation, pending in the United States District Court for the Southern District of California (the “Court”).

The purpose of this website is to inform you of the pendency of this class action (the “Action”) between Lead Plaintiff MOHAMMED USMAN ALI individually and on behalf of the Class Members; and Settling Defendants FRANKLIN WIRELESS CORP., OC KIM, and DAVID BROWN.

IF, DURING THE PERIOD BETWEEN SEPTEMBER 17, 2020, AND APRIL 8, 2021 , INCLUSIVE (THE “CLASS PERIOD”), YOU PURCHASED OR OTHERWISE ACQUIRED THE COMMON STOCK OF FRANKLIN WIRELESS CORP. (“FRANKLIN” OR THE “COMPANY”) (“FRANKLIN SECURITIES” OR “FRANKLIN COMMON STOCK”) AND WERE ALLEGEDLY DAMAGED THEREBY, YOU COULD RECEIVE A PAYMENT FROM A CLASS ACTION SETTLEMENT.

Please be advised that your rights may be affected by the above-captioned class action lawsuit pending in Court (the “Litigation”) if you purchased or otherwise acquired Franklin common stock during the Class Period.

Please also be advised that the Court-appointed Class Representative Gergely Csaba (“Plaintiff”), on behalf of himself and the Class, has reached a proposed settlement of the Action for $2,400,000 that, if approved, will resolve all claims in the Action (the “Settlement”).

The Court has not decided whether Defendants did anything wrong, and the Notice is not an admission by Defendants or an expression of any opinion of the Court concerning the merits of the Action.


YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT:
Submit a Claim Form by Mail Postmarked No Later Than August 22, 2024, or Electronically by 11:59 p.m. EST on August 22, 2024. This is the only way to be eligible to receive a payment from the Settlement Fund. If you are a Class Member and you remain in the Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiff’s Claims that you have against Defendants and Defendants’ Releasees, so it is in your interest to submit a Claim Form.
Exclude Yourself from the Class by Submitting a Written Request for Exclusion So That It Is Received No Later than September 18, 2024. If you exclude yourself from the Class, you will not be eligible to receive any payment from the Settlement Fund. This is the only option that allows you ever to be part of any other lawsuit against any of the Defendants or Defendants’ Releasees concerning the Released Plaintiff’s Claims.
Object to the Settlement by Submitting a Written Objection So That It Is Received No Later than August 1, 2024. If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of Litigation Expenses, you may write to the Court and explain why you do not like them. You cannot object to the Settlement, the Plan of Allocation or the fee and expense request unless you are a Class Member and do not exclude yourself from the Class.
Go to a Hearing on October 10, 2024, at 2:00 p.m., and File a Notice of Intention to Appear so that it is Received no later than August 1, 2024. Filing a written objection and notice of intention to appear by August 1, 2024, allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and reimbursement of Litigation Expenses. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.
Do Nothing. If you are a member of the Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. You will, however, remain a member of the Class, which means that you give up your right to sue about the claims that are resolved by the Settlement, and you will be bound by any judgments or orders entered by the Court in the Action.

The Frequently Asked Questions page of this website has more information on your rights as a Member of the Settlement Class in this Settlement.