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Full coverage: KPMG auditor accused of inside trading

Scott London, the KPMG auditor accused of insider trading, told The Times that he was caught up in a federal investigation after he leaked clients' information "in an effort to help out someone whose business was struggling."

  • Skechers shares resume trading amid KPMG insider trading probe

    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 insider trading, also stepped down as auditor of Herbalife,...

  • Herbalife says KPMG 'concluded it was not independent' as auditor

    Herbalife says KPMG 'concluded it was not independent' as auditor

    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 Herbalife's securities by one of KPMG’s former...

  • Trading in Herbalife shares halted

    Trading in Herbalife shares halted

    Trading in stock of Herbalife, the Los Angeles-based nutritional supplement maker and distributor, was reportedly halted Tuesday morning for a forthcoming news announcement. The New York Times, meanwhile, reported earlier in the day that Herbalife was about to disclose that KPMG would resign as...

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