Los Angeles Business Journal

KPMG Insider Case Affects Herbalife, Skechers

Tuesday, April 9, 2013

KPMG has resigned as auditor of Herbalife after the accounting firm fired a partner in Los Angeles over alleged insider-trading tips, the Wall Street Journal reports. Trading in shares of two L.A. companies, Herbalife and Skechers Inc., also a KMPG client, were halted earlier this morning.