secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN WIRELESS CORP (FKWL)
CIK:        0000722572
Form:       8-K
Filed at:   2026-07-31T21:00:32+00:00
Accession:  0001683168-26-005877
Event type: litigation
Sentiment:  negative
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Wireless subsidiary ordered to pay $3.67M in damages by Seoul court
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- Seoul Central District Court ruled against subsidiary Franklin Technology Inc. (FTI) on July 28, 2026.
- Damages of approximately $3,673,336 USD plus 5% annual interest from Nov 4, 2022 to July 16, 2026.
- Post-judgment interest at 12% per annum from July 17, 2026 until full payment.
- Dispute arises from a commercial contract for device development and production.
- Company reviewing written decision and evaluating appeal options; intends to defend position.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/722572/000168316826005877/0001683168-26-005877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/722572/000168316826005877/franklin_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-005877

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