Koss News

Sue Sachdeva clearly had gained the confidence and trust of Koss Corp. 's top management and she allegedly used that relationship to commit possibly the nation's largest corporate embezzlement case of 2009.

Attorney Advertising. Keller Rohrback L.L.P. is currently investigating securities and derivative claims against Koss Corp.

A Murrells Inlet man has been charged with stealing trade secrets from Metglas Inc.

Trading on the floor of the Nasdaq stock market's Philadelphia Stock Exchange was halted for an hour because of smoke.

Koss Corp.'s current loss of millions of dollars due to alleged fraudulent accounting is not the first time the Milwaukee company has suffered because of the actions of a manager.

Law Offices of Howard G. Smith announces that it is investigating potential violations of federal securities laws against Koss Corporation and possible breaches of fiduciary duty and/or other violations of state law by the Koss board of directors, related to the Companya s previously disclosed internal investigation of a oeunauthorized financial ...

In the age of Bernie Madoff and smoke-and-mirrors balance sheets, the last thing anyone wants to hear about is another potential fraud scandal from a big shot exec.

The extent of the alleged embezzlement from Koss Corp. may be far greater than was first apparent, and may exceed $20 million, the company said Thursday.

A preliminary audit by Milwaukee based headphone icon Koss Corp alleges that its former vice president of finance embezzled more than $20 million dollars since 2006 according to a recent Reuters news report .

MILWAUKEE a ' The alleged embezzlement from Koss Corp. might be much more extensive than was first apparent, with the company saying this week that unauthorized transactions over the past four years could exceed $20 million a ' more than Koss earned in that time.

Koss Corp. said it dismissed its vice president of finance after it discovered "unauthorized financial transactions." The Milwaukee producer of stereo headphones, computer headsets and compact-disc recordings /quotes/comstock/15*!koss /quotes/nls/koss said it dismissed Sujata Sachdeva, who also served as principal accounting officer and corporate ...

Koss Corporation , the U.S. based high-fidelity stereophone leader, announced that following the discovery of unauthorized financial transactions, Sujata Sachdeva, the Company's Vice President of Finance and Secretary, has been terminated.

Dec. 24, 2009 4:36 p.m. Winter weather advisory issued for 4 counties Updated: Dec.

Geez, that's a lot of money... A longtime financial executive with Koss Corp. was accused Monday of embezzling more than $4.5 million from the Milwaukee company and using the money to pay for shopping sprees at upscale stores .

The NASDAQ Stock Market announced today that the trading halt status in Koss Corporation was changed to "additional information requested" from the company.

A federal appeals court ordered Microsoft Corp. to stop selling its Word program in January and pay a Canadian software company $290 million for violating a patent, upholding the judgment of a lower court.

The Koss Corp. executive accused of embezzling $4.5 million spent huge amounts of money at individual stores and left big piles of expensive clothing - the price tags still attached - sitting in her office, the criminal complaint alleges.

Trading was halted in Koss Corp .stock Monday as the Milwaukee company launched an investigation into unauthorized transactions and suspended a longtime financial executive without pay.

Koss Corp. said Monday that Nasdaq halted trading of its stock due to the discovery of unauthorized transactions and that a vice president of finance had been put on administrative leave.

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