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The Briscoe Law Firm Investigates Logitech International SA on Behalf of Shareholders for Possible Breaches of Fiduciary Duties

^{Published on 2011-05-25 15:26:06 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of [ Powers Taylor, LLP ] are investigating potential legal claims against the Officers and Board of Directors of Logitech International SA (aLogitech Internationala) (NASDAQ: LOGI) during the period of October 28, 2010 through April 1, 2011 (the aClass Perioda).

It has been alleged that during the Class Period, Logitech and certain of its officers and directors made materially false and misleading statements or failed to disclose material information related to Logitech Internationala™s business and operations in violation of the Securities Exchange Act of 1934. Specifically, a recently filed complaint alleges: (a) that Logitech Internationala™s distributors were overstocked with inventory of certain product lines; (b) that the companya™s pricing and promotional activity was not operating according to plan; (c) that demand for Logitech Internationala™s products in the Europe, Middle East and Africa markets was significantly declining far below internal expectations; and (d) as a result of the foregoing, defendantsa™ positive statements about Logitech International were lacking in a reasonable basis of fact and were materially false and misleading when made. On March 31, 2011, when the truth was disclosed, the price of Logitech stock declined from $18.13 per share to $14.71 per share, or 19%, on extremely heavy trading volume.

Moreover, during the Class Period, certain of Logitech Internationala™s top executives and/or directors sold approximately 536,000 Logitech International shares at artificially inflated prices for proceeds of approximately $10 million.

If you currently own or purchased Logitech International/LOGI shares and would like additional information regarding this investigation or if you have information regarding the allegations against the company, please contact Patrick Powers at [ Powers Taylor, LLP ], toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at [ The Briscoe Law Firm, PLLC ] toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

[ The Briscoe Law Firm, PLLC ] is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

[ Powers Taylor, LLP ] is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.