UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934

Release No. 92498 / July 26, 2021

ADMINISTRATIVE PROCEEDING

File No. 3-17212

In the Matter of 

LOGITECH INTERNATIONAL, S.A., 

MICHAEL DOKTORCZYK, and 

SHERRALYN BOLLES, CPA,

Respondents. 

NOTICE OF PROPOSED SECOND 

PLAN OF DISTRIBUTION AND 

OPPORTUNITY TO COMMENT

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 second plan of distribution (the “Proposed Plan”). The Proposed Plan provides for the 

distribution of funds remaining in the Fair Fund1created 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.2 

The first plan of distribution was approved by the Commission on October 26, 2018,3and 

resulted in the full compensation, including reasonable interest, of all eligible claimants who 

purchased shares of Logitech common stock on the Nasdaq Global Select Market. 

Approximately $5 million, comprised of undistributed funds; unused reserves for taxes, fees, and 

expenses; interest; and tax refunds remains in the Fair Fund. 

Rather than remit the remaining funds to the U.S. Treasury,

4

the Fund Administrator, in 

consultation with Commission staff, has determined it feasible to distribute the remaining funds,

plus interest net a reserve for taxes, fees, and expenses (“Net Available Fair Fund”), to 

compensate investors who purchased Logitech ordinary stock on the SIX Swiss Exchange at 

inflated prices during the period from May 28, 2011 through July 27, 2011, inclusive, and who 

 

1

 See Order Establishing a Fair Fund, Exchange Act Rel. No. 82783 (Feb. 27, 2018).

2 See Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 

1934, Making Findings, and Imposing Cease-and-Desist Orders and Penalties, Exchange Act Rel. No. 77644 (Apr. 

19, 2016).

3 See Order Approving Corrected Plan of Distribution, Exchange Act Rel. No. 84493 (Oct. 26, 2018).

4

 The First Plan provides for the termination of the Fair Fund and remission of the remaining funds to the U.S. 

Treasury after the completion of the distribution.
2

suffered losses in the value of their investment subsequent to disclosures by the Respondents.

Upon completion of all distributions pursuant to the Proposed Plan, remaining funds will be 

remitted to the U.S. Treasury. 

OPPORTUNITY FOR COMMENT

Pursuant to this Notice, all interested persons are advised that they may obtain a copy of 

the Proposed Plan from the Commission’s public website at 

http://www.sec.gov/litigation/fairfundlist.htm. Interested persons may also obtain a written copy 

of the Proposed Plan by submitting a written request to Catherine E. Pappas, Esq., United States 

Securities and Exchange Commission, One Penn Center, 1617 JFK Blvd., Ste. 520, Philadelphia, 

PA 19103. All persons who desire to comment on the Proposed Plan may submit their 

comments, in writing, no later than thirty (30) days from the date of this Notice:

1. to the Office of the Secretary, United States Securities and Exchange 

Commission, 100 F Street, NE, Washington, DC 20549-1090;

2. by using the Commission’s Internet comment form 

(http://www.sec.gov/litigation/admin.shtml); or 

3. by sending an e-mail to rule-comments@sec.gov.

Comments submitted should include “Administrative Proceeding File No. 3-17212” in the 

subject line. Comments received will be publicly available. Persons should submit only 

information that they wish to make publicly available.

THE PROPOSED PLAN

 The Proposed Plan seeks to distribute the Net Available Fair Fund to investors who 

purchased Logitech ordinary stock on the SIX Swiss Exchange at inflated prices during the 

period from May 28, 2011 through July 27, 2011, inclusive, and who suffered losses in the value 

of their investment subsequent to disclosures by the Respondents.

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

Vanessa A. Countryman

Secretary