UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934 

Release No. 97729 / June 15, 2023

ADMINISTRATIVE PROCEEDING

File No. 3-17212

In the Matter of

Logitech International, S.A., 

Michael Doktorczyk, and Sherralyn 

Bolles, CPA,

Respondents.

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ORDER DIRECTING SECOND

DISBURSEMENT OF FAIR FUND

On July 26, 2021, the Division of Enforcement, pursuant to delegated authority, 

published a Notice of Proposed Second Plan of Distribution and Opportunity for Comment 

(“Notice”),1pursuant to Rule 1103 of the Commission’s Rules on Fair Fund and Disgorgement 

Plans (“Commission’s Rules”);2and simultaneously posted the Proposed Second Plan of 

Distribution (the “Proposed Plan”). The Notice advised interested persons that they could obtain 

a copy of the Proposed Plan from the Commission’s public website or by submitting a written 

request to Catherine Pappas, United States Securities and Exchange Commission, One Penn 

Center, 1617 JFK Blvd., Ste. 520, Philadelphia, PA 19103. The Notice also advised that all 

persons desiring to comment on the Proposed Plan could submit their comments, in writing, 

within 30 days of the Notice. The Commission received no comments on the Proposed Plan 

during the comment period. On September 20, 2021, the Division of Enforcement, pursuant to 

1

 Exchange Act Rel. No. 92498 (July 26, 2021).

2

 17 C.F.R. § 201.1103.
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delegated authority, issued an order approving the Proposed Plan,3and posted the approved 

Second Plan of Distribution (the “Second Plan”).4

The Second Plan provides for the distribution of the funds remaining in the Fair Fund

after the completion of the Initial Distribution, plus accumulated interest, less taxes, fees, and 

expenses, to compensate investors who purchased Logitech ordinary stock on the SIX Swiss 

Exchange (the “SIX Claimants”) according to the methodology set forth in the Second Plan. 

In accordance with the Second Plan, the Claims Bar Date5has passed and all timely 

submitted claims have been processed by the Fund Administrator. All investors whose claims 

have been denied, in whole or in part, have been notified and provided the opportunity to cure. 

After taking into account a reserve of $123,261.47 for the payment of Administrative Costs, the 

Fund Administrator has recommended a disbursement of $3,464,222.60 from the Fair Fund, and 

for it to be added to the $47,717.08 held in the Fair Fund’s Escrow Account, for a total 

distribution of $3,511,939.68. This distribution will fully compensate eligible SIX Claimants for 

their Eligible Loss Amount plus Reasonable Interest. 

Pursuant to the Second Plan, the Fund Administrator has submitted a Payee List in a 

Commission-approved format, along with a reasonable assurance letter as to compliance with the 

Second Plan and the completeness and accuracy of the Payee List. The Commission staff has 

reviewed and accepted the Payee List and requests, pursuant to Rule 1101(b)(6) of the 

Commission’s Rules, 17 C.F.R. § 201.1101(b)(6), that the Commission authorize the transfer of 

$3,464,222.60 from the Fair Fund to the Fair Fund’s Escrow Account at The Huntington 

3

 See Exchange Act Rel. No. 93062 (Sept. 20, 2021).

4

 The Plan of Distribution (the “First Plan”) approved by the Commission on October 26, 2018 has been fully 

implemented. In accordance with the First Plan investors who purchased shares of Logitech common stock on the 

Nasdaq Global Select Market (the “Nasdaq Claimants”) were fully compensated, including for reasonable interest 

(the “Initial Distribution”). After the Initial Distribution over $5 million remained in the Fair Fund. See Order 

Approving Second Plan of Distribution, Exchange Act Rel. No. 93062 (Sept. 20, 2021).

5

 All capitalized terms used in this Order but not defined are used as defined in the Second Plan.
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National Bank, and for it to be added to the $47,717.08 in the Fair Fund’s Escrow Account, for a 

total distribution of $3,511,939.68, by the Fund Administrator in accordance with the Second 

Plan. 

Accordingly, it is hereby 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. 

For the Commission, by the Division of Enforcement, pursuant to delegated authority.6

Vanessa A. Countryman

Secretary 

6

 17 C.F.R. § 200.30-4(a)(21)(v).