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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...

Ex-NFL Stars Sue Players Association

LOS ANGELES - (AP) Five retired players are suing the NFL Players Association in federal court, claiming the organization denied them and other former athletes lucrative royalties from licensing deals that used their images. The class-action lawsuit was filed Wednesday in Los Angeles and was first reported...

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...

Williams Mullen: Fiduciary Not Liable For Money Damages In Action To Recover Death Benefits: Stocks v. Life Ins. Co. Of North America

B y Mark S. Thomas and Robert W. Shaw A federal district court recently applied the U. S. Supreme Court's decision in CIGNA Corp. v. Amara (2011) [ enhanced version available to lexis.com subscribers ], in a practical setting that illuminates both the range and the limits of the Supreme Court's...