Franklin Access (Formerly Franklin Wireless) Successfully Defends Shareholder Litigation

Core Viewpoint - Franklin Wireless achieved a significant legal victory in a shareholder litigation case, resulting in only nominal damages awarded to the company, allowing management to refocus on its business objectives [2][3][6]. Group 1: Legal Outcome - The U.S. District Court for the Southern District of California ruled that the actions of Franklin Wireless officers and directors led to only nominal damage to the company [2]. - Plaintiffs initially sought over $110 million in damages, but the jury awarded only$0.99 in nominal damages after less than a day of deliberation [6]. Group 2: Management Implications - The resolution of the litigation provides certainty and clarity for the company's officers and directors, enabling them to concentrate on delivering innovative connectivity solutions [3]. - Management can now focus on its mission without the distraction of ongoing legal issues [3]. Group 3: Company Profile - Franklin Wireless specializes in integrated solutions utilizing 4G LTE and 5G technologies, offering mobile device management and network management solutions [4].