LAKE SUCCESS, N.Y., Dec. 17, 2018 /PRNewswire/ -- The following
statement is being issued by Epiq regarding the Logitech Fair Fund.
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
ADMINISTRATIVE PROCEEDING
File No. 3-17212
In the Matter of
LOGITECH INTERNATIONAL, S.A., MICHAEL DOKTORCZYK, and SHERRALYN BOLLES, CPA,
Respondents.
If you purchased shares of Logitech common stock (LOGI) on the Nasdaq Global Select Market (the "Security") during the
period from May 28, 2011 through July 27, 2011, inclusive (the
"Recovery Period"), you may be eligible for compensation.
PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY.
YOU MAY BE ELIGIBLE FOR RECOVERY FROM THE LOGITECH FAIR FUND.
THIS NOTICE CONTAINS IMPORTANT INFORMATION REGARDING YOUR RIGHTS.
What this case is about:
On April 19, 2016, the SEC issued an Order Instituting Cease-and-Desist Proceedings Pursuant to
Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Cease-and-Desist Orders and Penalties (the
"Order") against Logitech International, S.A., Michael Doktorczyk, and Sherralyn Bolles, CPA (the "Respondents"). In the Order, the SEC found Logitech responsible for recurring
instances of improper accounting between 2008 and 2013 related to a product write-down, warranty liabilities, and revenue
recognition. The SEC further found Doktorczyk and Bolles, both former officers of Logitech, responsible for the improper
accounting for warranty liabilities that occurred during their employment. The SEC ordered Logitech, Doktorczyk, and Bolles to
pay civil money penalties of $7,500,000.00, $50,000.00, and
$25,000.00, respectively.
On February 27, 2018, the SEC established a Fair Fund pursuant to Section 308(a) of the
Sarbanes-Oxley Act of 2002, as amended, so that the $7.575 million in civil money penalties paid by
the Respondents can be distributed for the benefit of the injured investors (the "Logitech Fair Fund"). The Logitech Fair Fund is
deposited in an interest bearing account at the United States Treasury Department's Bureau of the Fiscal Service. The assets of
the Logitech Fair Fund are subject to the continuing jurisdiction and control of the SEC.
On November 30, 2017, the SEC appointed Miller Kaplan Arase LLP as Tax Administrator for the
Logitech Fair Fund to handle its tax obligations.
On March 30, 2018, the SEC appointed Garden City Group, LLC ("GCG") as the Fund Administrator to
assist in developing and executing the Plan. On June 15, 2018, GCG was acquired by Epiq Class
Action and Claims Solutions, Inc. and is now continuing as part of Epiq.
On October 26, 2018, the SEC approved a plan to distribute the Logitech Fair Fund (the
"Plan"). You can obtain a copy of the Plan at www.logitechfairfund.com, on the SEC's public website at https://www.sec.gov/divisions/enforce/claims/logitech-bardman.htm, or by calling 877-919-5896.
Who is Potentially Eligible for Compensation
To qualify for a payment from the Logitech Fair Fund, you must have purchased the Security on the Nasdaq Global Select Market
between May 28, 2011 and July 27, 2011, inclusive, and satisfy other
criteria set forth in the Plan.
How to Obtain Compensation
You can file a Proof of Claim Form by mailing the completed form to:
Logitech Fair Fund
c/o Epiq
P.O. Box 10568
Dublin, OH 43017-7268
Questions@logitechfairfund.com
You must complete and sign the Proof of Claim form and submit it to Fund Administrator so that it is postmarked (or if not
sent by U.S. Mail, received) no later than March 11, 2019.
The Proof of Claim can be downloaded at www.logitechfairfund.com. If you have any questions or would like us to send you a Proof of Claim, call
877-919-5896 or email Questions@logitechfairfund.com.
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SOURCE Epiq