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Keller Rohrback Announces Investigation of Claims on Behalf of Koss Corp. Shareholders

  //house-home.news-articles.net/content/2009/12/3 .. -claims-on-behalf-of-koss-corp-shareholders.html
  Published in House and Home on Thursday, December 31st 2009 at 11:10 GMT by Market Wire
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SEATTLE--([ BUSINESS WIRE ])--Attorney Advertising. Keller Rohrback L.L.P. ([ www.krclassaction.com ]) is currently investigating securities and derivative claims against Koss Corp. (Nasdaq:KOSS) ("Koss" or the "Company") on behalf of shareholders. On December 24, 2009, Koss announced that it had discovered unauthorized financial transactions had taken place since 2006 and that those transactions may exceed $20 million. As a result of this discovery, Sujata Sachdeva, the Company's Vice President of Finance and Secretary, was terminated and two members of the Company's accounting staff were placed on unpaid administrative leave.

According to news reports, practices and policies at Koss created an environment in which fraud could be committed and concealed. For example, the Company reportedly allowed Sachdeva to telecommute and perform her job remotely for the last 10 years.

If you are an investor who currently owns Koss stock and wish to discuss this investigation, you may contact any member of our team, paralegal Bob McFadden or attorneys Juli Farris, Elizabeth Leland, or Lynn Sarko toll free at 800-776-6044 or via e-mail at [ investor@kellerrohrback.com ].

Keller Rohrback L.L.P. is a law firm headquartered in Seattle that has successfully represented shareholders and consumers in class action cases for over two decades. Its trial lawyers have obtained judgments and settlements on behalf of clients in excess of seven billion dollars.

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.