Switch statement: must default be the last case?

Consider the following switch statement:

switch( value )
{
  case 1:
    return 1;
  default:
    value++;
    // fall-through
  case 2:
    return value * 2;
}

This code compiles, but is it valid (= defined behavior) for C90/C99? I have never seen code where the default case is not the last case.

EDIT:
As Jon Cage and KillianDS write: this is really ugly and confusing code and I am well aware of it. I am just interested in the general syntax (is it defined?) and the expected output.