KOSS Corporation Class Action Lawsuits
Posted on Jan 20, 2010 9:04pm PST
Koss Corporation (NASDAQ: KOSS) has been the subject of class actions lawsuits across the U.S. The class action lawsuits allege that KOSS Corporation and its officers and director violated Federal Law by making material false statements or misleading statements concerning the company's financial situation. On December 21, 2009 the NASDAQ stopped trading of KOSS to investigate suspect financial transactions.
On On December 24, 2009 the company issued a press release, which stated that certain KOSS employees were fired for the suspect transactions. On January 11, 2009 the NASDAQ exchange lifted the ban on trading KOSS stock. However, KOSS stock dropped approximately 24%.
The class action lawsuits seek to recover damages on behalf of class members. If you are a KOSS investor or owned KOSS stock during the class period (July 2005-December 2009) call our class action lawyer today for a FREE consult.