SAN DIEGO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Franklin Wireless Corp. (NASDAQ: FKWL) announces the appointment of Ira Greenstein to the Company's Board of Directors, effective February 17, 2025.
SAN DIEGO, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Franklin Access is pleased to announce a significant legal victory in its shareholder litigation, “In re Franklin Wireless Corp. Derivative Litigation”, Case No. 21-cv-1837-BEN-MSB. On December 19th, 2024, following an 8-day jury trial, the U.S. District Court for the Southern District of California determined that the actions of the Franklin Wireless officers and directors during the relevant time period resulted in only nominal damage to the company.
Franklin Wireless Corp.'s stock FKWL, -0.32% was up by 13% in premarket trading on Thursday after its 3.2% shareholder Sinnet Capital Partners requested a special dividend and stock buyback. Sinnet Capital said Franklin Wireless should pay a special dividend of $1 a share, execute a $10 million dollar Dutch tender buyback and hire an investor relations firm to issue press releases.