Glancy Binkow & Goldberg Announces Koss Corporation Class Action Settlement; if You Purchased or Acquired Koss Stock Between July 12, 2005 and December 21, 2009, Your Rights May be Affected

LOS ANGELES, April 25, 2012 (GLOBE NEWSWIRE) -- The following statement is being issued by Glancy Binkow & Goldberg LLP regarding the Koss Corporation Securities Litigation

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF WISCONSIN

DAVID A. PUSKALA v. KOSS CORPORATION ET AL., Case No. 10-cv-00041-LA, Hon. Lynn Adelman

TO:   ALL PERSONS OR ENTITIES WHO PURCHASED OR ACQUIRED KOSS  SECURITIES BETWEEN JULY 12, 2005, AND DECEMBER 21, 2009, INCLUSIVE.

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Eastern District of Wisconsin, that a hearing will be held on July 10, 2012, at 10:30 a.m., before The Honorable Lynn Adelman, 362 United States Courthouse, Room 390, 517 East Wisconsin Avenue, Milwaukee, WI 53202, for the purpose of determining: (1) whether the proposed settlement of the claims alleged against Koss Corporation and Michael J. Koss in David A. Puskala v. Koss Corporation, et al., Case No. 10-cv-00041-LA (the "Litigation") for the sum of $1.0 million in cash should be approved by the Court as fair, reasonable and adequate to Members of the Class; (2) whether to certify the Settlement Class; (3) whether, thereafter, the Claims asserted against Koss Corporation and Michael J. Koss in the Litigation should be dismissed with prejudice pursuant to the terms and conditions set forth in the Stipulation of Settlement dated March 6, 2012; (4) whether the proposed plan to distribute the settlement proceeds (the "Plan of Allocation") is fair, reasonable and adequate and therefore should be approved; and (5) whether the application of Lead Counsel for the payment of attorneys' fees and expenses incurred in connection with this Litigation should be approved. If you purchased or acquired Koss securities between July 12, 2005, and December 21, 2009, inclusive, your rights may be affected by this settlement. If you have not received a detailed Notice of Proposed Settlement of Class Action, Motion for Attorneys' Fees and Expenses, and Settlement Fairness Hearing (the "Notice") and a copy of the Proof of Claim and Release, you may obtain copies by writing to Koss Securities Litigation, c/o Heffler Claims Administration, PO Box 58668, Philadelphia, PA 19105, or you can download a copy at www.kosssecurities.hrsclaims.com.  If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release postmarked no later than August 6, 2012, establishing that you are entitled to recovery.

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE. If you have any questions about the Settlement, you may contact Lead Counsel at the address listed below:

or go to the following website: www.kosssecurities.hrsclaims.com.  ;