{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-004248","form_type":"8-K","ticker":"FKWL","cik":"0000722572","company_name":"FRANKLIN WIRELESS CORP","filed_at":"2024-06-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.779508+00:00","generated_at":"2026-06-01T04:28:17.615343+00:00","sec_items":["1.01"],"event_type":"litigation","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Franklin Wireless settles Section 16(b) derivative suit; CEO to pay $1M, company to pay $550K","bullets":["Jury verdict in February 2024 awarded plaintiff $2M for CEO OC Kim's short-swing profits.","Settlement dated June 12, 2024: CEO Kim pays Franklin $1M; Franklin pays plaintiff's attorneys $550K.","CEO will dismiss his appeal; mutual releases among parties.","Case: Nosirrah Management v. Franklin Wireless et al., S.D. Cal. (Case 3:21-cv-01316-CAB-JLB)."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-004248","json":"https://secwatch.observer/filing/0001683168-24-004248.json","markdown":"https://secwatch.observer/filing/0001683168-24-004248.md","text":"https://secwatch.observer/filing/0001683168-24-004248.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/722572/000168316824004248/0001683168-24-004248-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/722572/000168316824004248/franklin_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T04:28:17.615343+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}