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April 9, 2021, 2:42 p.m. EDT

Franklin Wireless Corp. Investors: Company Investigated by the Portnoy Law Firm

LOS ANGELES, April 09, Apr 09, 2021 (GLOBE NEWSWIRE via COMTEX) -- Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, April 09, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Franklin Wireless Corp. ("Franklin" or the "Company") (NASDAQ: FKWL ) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.

Investors are encouraged to contact attorney Lesley F. Portnoy , by phone 310-692-8883 or email : lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com . The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors concerning certain wireless devices. On April 9, 2021, the Company reported that, Verizon Wireless has issued a voluntary recall of Jetpack Hotspot devices imported by Franklin. Several news sources reported that some of the Company's wireless devices had overheated and caused fire damage.

On this news, Franklin's share price fell sharply during intraday trading on April 9, 2021.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

Attorney Advertising

COMTEX_384182305/2471/2021-04-09T14:42:11

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