Koss Advises Court of Settlement in Principle of Shareholder Derivative Case

MILWAUKEE, WI--(Marketwire - May 20, 2011) - Koss Corporation (NASDAQ: KOSS), the U.S. based high-fidelity stereophone company, along with the Plaintiffs and the individual Koss Director Defendants in the Shareholder Derivative action pending in the Circuit Court of Milwaukee County, Wisconsin, submitted a Joint Report advising the Court that these parties have reached an agreement in principle for the settlement of the claims asserted against the individual Koss Director Defendants.