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Koss settles suit against American Express for $3M

Koss Corp. has settled a lawsuit against American Express Co., resolving allegations that the credit-card company should have known that Koss’s money was being embezzled to pay for a former Koss executive’s shopping sprees. Koss, a Milwaukee-based maker of high-fidelity headphones, announced Friday that it will receive a gross amount of $3 million from the settlement. ...

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