April 19, 2016
Logitech International, S.A., Michael Doktorczyk, Sherralyn Bolles
SANCTION AMOUNT: $7,575,000
Defendants: Logitech International, S.A.
Michael Doktorczyk, Sherralyn Bolles
Settlement for allegedly fraudulently inflating Respondent company's fiscal year 2011 financial results to meet earnings guidance, and for committing other accounting-related violations during a five-year period. The individual Respondents were Finance executives for the company and allegedly involved in violations related to its warranty accrual accounting and failure to amortize intangibles from an earlier acquisition.
- Key Docs
- Official SEC press release