Koss Corporation Sues Former Employee, Auditor Alleging $30 Million Theft

CHICAGO - Koss Corporation on June 24 filed a lawsuit in the Cook County Circuit Court against the company's former vice president of Finance, Sujata Sachdeva, and Grant Thornton LLP, its former auditor, alleging fraud and deceit, professional negligence and breach of fiduciary duty ( Koss Corporation...

Drafting General Releases After Centro: How to Preclude or Preserve Future Claims of Fraud and Breach of Fiduciary Duty

By Eric L. Goldberg, Thomas D. Kearns and Thomas J. Fleming Court of Appeals decision in Centro. A recent New York Court of Appeals decision highlights the shift in New York law towards the enforceability of general releases even in the context of fiduciaries. In Centro Empresarial Cempresa, S.A. v...