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Insider Trading

A collection of news and information related to Insider Trading published by this site and its partners.

Top Insider Trading Articles

Displaying items 45-55
  • Maverick investor faces legal pressure

    Maverick investor faces legal pressure
    Two decades ago, he was one of three young traders who made $27 million in 22 days trading the stock of a bankrupt company on the Chicago Stock Exchange, becoming known as one of "the bad boys of arbitrage." Assessing that deal, a federal appeals...
  • 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...
  • 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...
  • 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...
  • Fired KPMG auditor of Herbalife and Skechers is identified

    Fired KPMG auditor of Herbalife and Skechers is identified
    Several sources have identified an audit manager of accounting giant KPMG’s Los Angeles office as the executive at the center of an insider-trading investigation that involved shares of Herbalife Ltd. and Skechers USA Inc. Scott London, partner-...
  • Skechers exec on KPMG firing its auditor: 'It's unbelievable'

    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...
  • Financial statements sound, Herbalife says amid insider-trading probe

    Financial statements sound, Herbalife says amid insider-trading probe
    Herbalife maintained that its financial statements are sound and reliable amid news that its auditor is in the middle of an insider-trading investigation. Scott London, 50, a senior partner with KPMG, was ousted by his company after it learned the...
  • 'What I have done was wrong,' says auditor accused of insider trading

    'What I have done was wrong,' says auditor accused of insider trading
    Scott London, the KPMG auditor accused of insider trading, said he was caught up in a federal investigation after he leaked clients’ information “in an effort to help out someone whose business was struggling.” London told The Times...
  • Fired KPMG auditor can't explain 'lapse of judgment'

    Scott London, a Los Angeles partner in one of the nation's largest accounting firms, says it began four years ago. By his account, a friend with money trouble was poking around for information on Herbalife Ltd. and Skechers USA Inc., two Los Angeles-...
  • Insider-trading scandal poses risks to KPMG's reputation

    NEW YORK -- A former senior KPMG auditor's leaks could threaten the reputation of one of the country's biggest accounting firms, industry experts said. Auditors like Scott London, a former senior partner in KPMG's office in Los Angeles, are privy to...
  • Visit from FBI the end for auditor in KPMG insider-trading scandal

    The sinking feeling that his life was about to capsize hit Scott London when the FBI knocked on the door of his Agoura Hills home one morning a couple of weeks ago. As the ex-KPMG auditor said in an interview with the Los Angeles Times, he was about...