Rosen Law Firm, a global investor rights law firm, announces it is
investigating potential securities claims on behalf of shareholders of
Logitech International SA (NASDAQ:LOGI) resulting from allegations that
Logitech may have issued materially misleading business information to
the investing public.
On April 19, 2016, the Securities and Exchange Commission announced that
Logitech agreed to pay a $7.5 million penalty for fraudulently inflating
its fiscal year 2011 financial results to meet earnings guidance and
committing other accounting-related violations during a five-year
period. Logitech’s former controller and former director of accounting
also agreed to pay penalties of $50,000 and $25,000, respectively, for
violations related to Logitech’s warranty accrual accounting and failure
to amortize intangibles from an earlier acquisition.
Rosen Law Firm is preparing a class action lawsuit to recover losses
suffered by Logitech investors. If you purchased shares of Logitech from
May 27, 2011 through November 14, 2014, please visit the firm’s website
at http://www.rosenlegal.com/cases-881.html
for more information. You may also contact Phillip Kim, Esq. or Kevin
Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com
or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160420006613/en/
Copyright Business Wire 2016