EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Logitech International SA - LOGI
April 20 2016 - 5:49PM
Business Wire
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160420006613/en/
Laurence Rosen, Esq.Phillip Kim, Esq.Kevin Chan, Esq.The Rosen
Law Firm, P.A.275 Madison Avenue, 34th FloorNew York, NY 10016Tel:
(212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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