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Herbalife says KPMG's resignation hindered stock buybacks
Herbalife Ltd. said it had to scale back plans to repurchase its shares after KPMG resigned in early April as its auditor and withdrew its review of the company's annual financial statements for the last three years. The Los Angeles nutritional products...
Tags: Skechers USA Incorporated, KPMG, Fraud, Finance, Corporate Crime
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In Silicon Valley, snarky blogs make a comeback
ReutersBy Sarah McBride SAN FRANCISCO, May 6 (Reuters) - Silicon Valley is taking itself a tad too seriously, and a few of its shriller residents have taken note. Recent weeks have seen the birth of a few new blogs poking fun at America's crucible of...Tags: Media Industry, Computing and Information Technology Industry, Sales, Gawker Media, Google Inc.
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Jeweler agrees to plead guilty in KPMG insider-trading case
A San Fernando Valley jeweler has agreed to plead guilty to conspiracy for allegedly making illegal stock trades based on inside information given to him by a KPMG partner. Bryan Shaw, 52, of Lake Sherwood admitted in a plea agreement that he...
Tags: Skechers USA Incorporated, KPMG, Justice System, Court Preliminary, Judges
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LETTER: Congress exempts itself
How many of you know that it is once again OK for our congressmen to participate in insider trading? After passing a bill during one of the past few years making it illegal, they quietly passed another bill making it OK for them not to report using... -
Herbalife says KPMG 'concluded it was not independent' as auditor
This post has been corrected. See note at the bottom for details.KPMG has resigned as Herbalife's auditor after the auditing firm fired a senior partner in its Los Angeles office because of an alleged insider-trading scheme. "KPMG stated it had concluded it was not independent because of alleged insider trading in...Tags: Fraud, Mary Jo White, Corporate Crime, JC Penney Company Inc., Carl Icahn
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KPMG fires a senior partner in L.A. for alleged insider trading
KPMG, one of the country's biggest auditing firms, has fired a senior partner in its Los Angeles office for allegedly engaging in an insider-trading scheme. The partner passed confidential client information to someone who then traded stocks in...Tags: Fraud, Mary Jo White, Corporate Crime, JC Penney Company Inc., Prosecution
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Skechers exec on KPMG firing its auditor: 'It's unbelievable'
David Weinberg, the finance and operating chief of footwear company Skechers, said the insider trading allegations directed at former KPMG auditor Scott London are “unbelievable.” Skechers, based in Manhattan Beach, along with Los Angeles...
Tags: Manhattan (New York City), Accounting and Auditing, Herbalife Limited
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Skechers shares resume trading amid KPMG insider trading probe
Trading in shares of Skechers USA Inc. has resumed after being halted earlier Tuesday morning following KPMG’s resignation as the footwear company’s auditor. KPMG, which fired a senior partner in its Los Angeles office amid allegations of...
Tags: Skechers USA Incorporated, Manhattan (New York City), Finance, Economy, Business and Finance, Accounting and Auditing
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Herbalife halted debt offer plan after KPMG resigned
ReutersApril 30 (Reuters) - Herbalife Ltd recently put plans on hold for a debt offering that would have raised cash for stock buybacks following the resignation earlier this month of its auditor KPMG, the company's chief financial officer said on Tuesday....Tags: KPMG, Finance, Economy, Business and Finance, Accounting and Auditing, NYSE Euronext, Inc.
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Herbalife posts record results
Herbalife Ltd. has now notched 17 consecutive quarters in which its profits sailed past Wall Street projections. The Los Angeles nutritional products company told investors Monday that earnings during the first three months of the year climbed nearly...
Tags: Fraud, KPMG, Nutrition, Mutual Funds, David Einhorn
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Herbalife effort to replace KPMG 'nearing completion,' CFO says
Herbalife Ltd. is making progress in its search for a new accounting firm, executives said during a conference call with analysts Tuesday. The Los Angeles nutritional products company was forced to hire a new accounting firm after KPMG resigned...
Tags: KPMG, Fraud, Finance, Corporate Crime, Carl Icahn
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Herbalife posts better-than-expected earnings, again
Los Angeles nutritional products company Herbalife Ltd. reported $1.1 billion in first-quarter sales and profit that soundly beat analysts' expectations and its own guidance. The company reported earnings of $118.8 million, or $1.10 a share, up from...
Tags: Earnings Forecasts, KPMG, Fraud, Nutrition, Mutual Funds
May 1, 2013
|Story| Los Angeles Times
May 6, 2013
|Story| Reuters
May 6, 2013
|Story| Los Angeles Times
May 4, 2013
|Story| Aberdeen News
Apr 9, 2013
|Story| Los Angeles Times
Apr 9, 2013
|Story| Los Angeles Times
Apr 9, 2013
|Story| Los Angeles Times
Apr 9, 2013
|Story| Los Angeles Times
Apr 30, 2013
|Story| Reuters
Apr 29, 2013
|Story| Los Angeles Times
Apr 30, 2013
|Story| Los Angeles Times
Apr 29, 2013
|Story| Los Angeles Times
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