An investigation for investors in NASDAQ:LOGI was announced over potential breaches of fiduciary duties by certain Logitech International directors.
Investors who purchased shares of Logitech International SA (USA) (NASDAQ:LOGI) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Logitech International SA directors breached their fiduciary duties and caused damage to the company and its shareholders.
On April 19, 2016, the Securities and Exchange Commission (“SEC”) announced that Logitech International SA agreed to pay a $7.5 million penalty for allegedly 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 alleged violations related to Logitech’s warranty accrual accounting and failure to amortize intangibles from an earlier acquisition.
Shares of Logitech International SA (USA) (NASDAQ:LOGI) closed on September 21, 2016 at $22.02 per share.
Those who purchased NASDAQ:LOGI shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego