Tuesday, April 09, 2013

Insider trading at KPMG?

KPMG Fires a Senior Partner in an Insider Trading Episode - NYTimes.com:

"KPMG said late Monday night it had fired a senior partner in its Los Angeles office after learning that he had provided inside information to an unnamed individual “who then used that information in stock trades involving several West Coast companies.”"

It seems that the company involved was Herbalife:
Again from NY Times:

Herbalife is poised to disclose on Tuesday that KPMG will have to resign as the company’s auditor, after the accounting firm fired a senior partner, according to a person briefed on the matter.
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