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