Izard Nobel Announces Class Action Lawsuit Against Logitech International

The law firm of Izard Nobel LLP, which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of Logitech International SA

between October 28, 2010 and April 1, 2011, inclusive. The Complaint charges Logitech and certain of its officers and directors violated federal securities laws. Specifically, the Complaint alleges that defendants failed to disclose the following: (i) that Logitech's distributors were overstocked with inventory of certain product lines; (ii) that the Company's pricing and promotional activity was not operating according to plan; (iii) that demand for Logitech's products in the Europe, Middle East and Africa markets was significantly declining far below internal expectations; and (iv) as a result of the foregoing, defendants' positive statements about Logitech were materially false and misleading when made.