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December 22, 2011 The SEC gets another wrist slap for its weak enforcement actions, in connection to a proposed settlement with Koss Corp. (KOSS) over alleged accounting fraud. District Judge Rudolph Randa said the SEC was "vague" and failed to prove penalties against the former CEO were fair, and cited Judge Jed Rakoff's Citi ruling last month.
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Marketwire (Apr 26, 2012)
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GlobeNewswire (Apr 25, 2012)
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Company Description
"The Company operates in the audio/video industry segment of the home entertainment industry through its design, manufacture and sale of stereo headphones and related accessory products. The Company reports its finances as a single reporting segment, as the Company’s principal business line is... More