Just a bit of an update. I had not heard back from Victorianox so I called them and initiated the repair procedure. Apparently there is a issue with Firefox not showing all the links which made the process much harder than it had to be. To start a warranty repair you simply need to go to
https://service.victorinox.com/default.aspx and select your product from the drop down menu. If you are using a Firefox browser this menu will be blank so you must use another browser. Select pocket tools from the drop down menu and fill out the forms required. I was unable to process my per-authorization online (likely due to my credit card company flagging it), but I was told to just send it in with my name, email return address and phone number and they will bill me when it arrives.
I likely wont have any updates for a few days.