On April 19, 2016, the SEC instituted settled cease-and-desist proceedings against Logitech International, S.A., Michael Doktorczyk, and Sherralyn Bolles, CPA. According to the SEC: "These proceedings arise out of, and this Order covers, recurring instances of improper accounting in three separate areas at Logitech International, S.A. during a five-year period. The first concerns LOGI's actions and omissions in fraudulently accounting for the write-down of a failed product in its fiscal year 2011 ('FY11') financial statements. The second relates to actions and omissions by LOGI, Michael Doktorczyk, and Sherralyn Bolles concerning the accounting for the Company's warranty liabilities in the FY12 and FY13 financial statements, and concerning the failure to correct, in the FY13 financial statements, a known error in not amortizing intangibles from a prior acquisition. The third concerns books and records, reporting, and control violations by LOGI pertaining to the Company's revenue recognition in its Americas region in FY09. Doktorczyk and Bolles, whose employment at LOGI began in July 2011 and July 2012, respectively, were not involved in the first and third areas."

On April 19, 2016, the SEC announced that it brought "a pair of financial fraud cases against companies and then-executives accused of various accounting failures that left investors without accurate depictions of company finances."

According to the SEC: "IT IS ORDERED that Miller Kaplan, pursuant to and in accordance with the Omnibus Order, is appointed the Tax Administrator for the QSF in the above-referenced proceeding."

According to the SEC: "The Division of Enforcement recommends that a Fair Fund be established, pursuant to Section 308(a) of the Sarbanes-Oxley Act, so that the civil money penalties collected from the Respondents can be distributed for the benefit of the injured investors."

"The Division of Enforcement now seeks the appointment of Garden City Group, LLC ("GCG") as the fund administrator in the above-captioned proceeding and requests that the administrator's bond be set at $7.575 million, as required by Rules 1105(a) and 1105(c) of the Commission's Rules on Fair Fund and Disgorgement Plans ("Rules").3 GCG is included in the Commission's approved pool of administrators."

On September 6, 2018, the SEC stated: "Notice is hereby given, pursuant to Rule 1103 of the United States Securities and Exchange Commission's ("Commission") Rules on Fair Fund and Disgorgement Plans, 17 C.F.R. § 201.1103, that the Division of Enforcement has submitted to the Commission a proposed plan of distribution (the "Plan") for the distribution of monies paid by Logitech International, S.A. ("Logitech"), Michael Doktorczyk ("Doktorczyk"), and Sherralyn Bolles, CPA ("Bolles") (collectively, the "Respondents") in settlement of the above-captioned administrative proceeding."

The SEC stated: "The Proposed Plan of Distribution has been developed pursuant to Rule 1101 of the Commission's Rules on Fair Fund and Disgorgement Plans ("Rules"), 17 C.F.R. § 201.1101. The Plan proposes a distribution of the funds collected in the above-referenced proceeding from Logitech International, S.A. ("Logitech"), Michael Doktorczyk ("Doktorczyk"), and Sherralyn Bolles, CPA ("Bolles") (collectively, the "Respondents") to investors who purchased shares of Logitech common stock on the Nasdaq Global Select Market at inflated prices during the period from May 28, 2011 through July 27, 2011, inclusive ("Recovery Period"), and who suffered losses in the value of their investment subsequent to disclosures by the Respondents."

On October 26, 2018, the SEC issued an order approving a corrected plan of distribution regarding proceedings against Logitech International, S.A., stating: "Accordingly, it is hereby ORDERED, pursuant to Rule 1104 of the Rules, that the Corrected Distribution Plan is approved."

The SEC issued a corrected plan of distribution pursuant to proceedings against Logitech International, S.A., stating: "The Plan proposes a distribution of the funds collected in the above-referenced proceeding from Logitech International, S.A. ("Logitech"), Michael Doktorczyk ("Doktorczyk"), and Sherralyn Bolles, CPA ("Bolles") (collectively, the "Respondents") to investors who purchased shares of Logitech common stock on the Nasdaq Global Select Market at inflated prices during the period from May 28, 2011 through July 27, 2011, inclusive ("Recovery Period"), and who suffered losses in the value of their investment subsequent to disclosures by the Respondents."

The Commission stated: "it is hereby ORDERED, pursuant to Rule 1105(d) of the Commission's Rules, 17 C.F.R. § 201.1105(d), that OFM pay the Fund Administrator's current fees and expenses of $35,570.47 from the Fair Fund. Further, OFM is authorized to pay, at the direction of the Assistant Director of the Office of Distributions, any future fees and expenses of the Fund Administrator from the Fair Fund, so long as the total amount paid to the Fund Administrator, including the invoice to be paid, does not exceed the total amount of the approved cost proposal submitted by the Fund Administrator."

The Commission stated: "[i]t is hereby ORDERED, that Commission staff shall transfer $2,892,751.29 from the Fair Fund to the Fair Fund’s escrow account at The Huntington National Bank, and the Fund Administrator shall distribute such monies to the Eligible Claimants in accordance with the Plan."

The Commission stated: "Notice is hereby given . . . that the Division of Enforcement has submitted to the Commission a proposed second plan of distribution (the “Proposed Plan”). The Proposed Plan provides for the distribution of funds remaining in the Fair Fund created for the monies paid by Logitech International, S.A. (“Logitech”), Michael Doktorczyk (“Doktorczyk”), and Sherralyn Bolles, CPA (“Bolles”) (collectively, the “Respondents”) in settlement of the above-captioned administrative proceeding."

The Commission stated: "The Division of Enforcement submits this proposed second plan of distribution (the “Plan”) . . . The Plan provides for the distribution of funds remaining in the Fair Fund1 created for the monies paid by Logitech International, S.A. (“Logitech”), Michael Doktorczyk (“Doktorczyk”), and Sherralyn Bolles, CPA (“Bolles”) (collectively, the “Respondents”) in settlement of the above-captioned administrative proceeding."

The Commission ordered that: "the Proposed Plan is approved."

The SEC stated: "The Division of Enforcement submits this second plan of distribution (the “Plan”) . . . The Plan provides for the distribution of funds remaining in the Fair Fund1 created for the monies paid by Logitech International, S.A. (“Logitech”), Michael Doktorczyk (“Doktorczyk”), and Sherralyn Bolles, CPA (“Bolles”) (collectively, the “Respondents”) in settlement of the above-captioned administrative proceeding."

The Commission ordered that: "Commission staff shall transfer $3,464,222.60 from the Fair Fund to the Fair Fund’s Escrow Account at The Huntington National Bank, and the Fund Administrator shall distribute such monies, along with the $47,717.08 held in the Fair Fund’s Escrow Account, for a total distribution of $3,511,939.68 in accordance with the Second Plan."