Herbalife (HLF) Auditor Resigns After Providing Insider Information
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Herbalife's (HLF) Fate Continues to Be Dominated by Outside Forces
April 9, 2013 1:01 PM EDTAs it has been a number of times in the past few months, direct marketing company Herbalife Ltd. (NYSE: HLF) was the talk of Wall Street Tuesday after the stock was halted for two hours on the NYSE related to the resignation of its auditor KPMG.
The resignation came amid a scandal at the accounting firm. KPMG stated it had concluded it was not independent because of alleged insider trading in Herbalife's securities by one of KPMGs former partners who, until April 5, 2013, was the KPMG engagement partner on Herbalife's audit. KPMG... More
KPMG Statement on Insider Trading, Resignation from Two Clients
April 9, 2013 10:23 AM EDTKPMG issued the following statement announcing that it would resign as auditor of two clients. KMPG didn't mention who the two clients were, but many expect that one is trader favorite Herbalife (NYSE: HLF)
The statement is below:
Late last week, we were informed... More
Herbalife (HLF) Auditor Resigns After Providing Insider Information
April 9, 2013 10:07 AM EDTWith shares of Herbalife (NYSE: HLF) halted on news pending, reports have surfaced from the New York Times that KPMG has resigned as the company's auditor. The resignation comes after a KPMG senior partner was fired for providing inside information to an unnamed individual... More
Herbalife (HLF) Peers Trade Lower on News Auditor Resigns
April 9, 2013 9:59 AM EDTHerbalife (NYSE: HLF) peers head lower on news KPMG auditor said to resign on leaked insider information: Nu Skin Enterprises Inc. (NYSE: NUS), USANA Health Sciences Inc. (NASDAQ: USNA), Blyth, Inc. (NYSE: BTH).
The news appears company specific.... More
KPMG said to resign as Herbalife (HLF) auditor
April 9, 2013 9:54 AM EDTKPMG said to resign as Herbalife (NYSE: HLF) auditor.... More
Herbalife (HLF) Peers on Watch on Trading Halt
April 9, 2013 9:41 AM EDTTraders watching Herbalife (NYSE: HLF) peers on the trading halt with news pending. Stocks: Nu Skin Enterprises Inc. (NYSE: NUS), USANA Health Sciences Inc. (NASDAQ: USNA), Blyth, Inc. (NYSE: BTH).... More
NYSE says Herbalife (HLF) requested trading halt on news pending
April 9, 2013 9:37 AM EDTNYSE says Herbalife (NYSE: HLF) requested trading halt on news pending.... More
Buy Herbalife! Ackman's Foresight Under Fire Following JCPenney (JCP) Shakeup
April 9, 2013 7:35 AM EDTDoes Pershing Square's Bill Ackman still have the magic touch?
Following the ouster of Ron Johnson as CEO of JCPenney (NYSE: JCP) on Monday night, some are asking hedge fund giant Bill Ackman what his thought's are on the situation. Unfortunately, Ackman isn't talking right now.
The NY Post, which has been vocal on JCPenney and its problems since at least the start of 2013, points to one... More
