April 21, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Logitech International SA (USA) (NASDAQ:LOGI) shares over potential securities laws violations by Logitech International SA (USA) (NASDAQ:LOGI and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Logitech International SA (USA) (NASDAQ:LOGI) concerning whether a series of statements by Logitech International SA (USA) (NASDAQ:LOGI regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

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. Logitechs former controller and former director of accounting also agreed to pay penalties of $50,000 and $25,000, respectively, for alleged violations related to Logitechs warranty accrual accounting and failure to amortize intangibles from an earlier acquisition.