KOSS CORP. v. PARK BANK

Appeal No. 2016AP636.

907 N.W.2d 447 (2017)

2018 WI App 1

KOSS CORPORATION, Plaintiff-Appellant, v. PARK BANK, Defendant-Third-Party Plaintiff-Respondent-Cross-Appellant, v. Michael J. Koss, Third-Party Defendant-Appellant-Cross-Respondent, Grant Thornton LLP, Third-Party Defendant-Cross-Respondent.

Court of Appeals of Wisconsin.

Filed December 12, 2017.


Attorney(s) appearing for the Case

On behalf of the plaintiff-appellant and third-party defendant-appellant-cross-respondent, the cause was submitted on the briefs of Ralph Weber and Michael S. Yellin of Gass Weber Mullins , Milwaukee and Michael J. Avenatti and Ahmed Ibrahim of Eagan Avenatti LLP, Newport Beach, CA.

On behalf of the defendant-third-party plaintiff-respondent-cross-appellant, the cause was submitted on the brief of Dean P. Laing , Gregory W. Lyons , and Joseph D. Newbold of O'Neil, Cannon, Hollman, DeJong & Laing S.C., Milwaukee.

On behalf of the third-party defendant-cross-respondent, the cause was submitted on the brief of Joseph L. Olson of Michael Best & Friedrich LLP, Milwaukee.

Before Stark, P.J., Hruz and Seidl, JJ.


¶ 1 Over the course of about twelve years, Sujata Sachdeva embezzled approximately $34 million from her employer, Koss Corporation.1 After the embezzlement was discovered and Sachdeva was convicted of multiple criminal offenses, Koss sued Park Bank, the financial institution through which Sachdeva obtained...

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