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Shoe company giving $40 million in refunds after claiming its shoes will tone your body
Attorney General Ken Cuccinelli announced Wednesday that Skechers, a shoe company, has agreed to pay $40 million after claiming that some of its shoes will tone your body without any extra exercise. Several states filed class-action lawsuits against...
Tags: Ken Cuccinelli, Companies and Corporations, Federal Trade Commission, Weight, Economy, Business and Finance
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Herbalife hires PwC as new auditor, shares up
Reuters(Reuters) - Herbalife Ltd said on Tuesday it has engaged PricewaterhouseCoopers LLP as its auditor, replacing KPMG in the wake of alleged insider trading. Shares of the nutritional products company rose 4 percent in afternoon trading, as the engagement...Tags: Stock Market, Corporate Crime, Herbalife Limited, PricewaterhouseCoopers, KPMG
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Herbalife hires PricewaterhouseCoopers as its new auditor
Seven weeks after its auditor resigned in an insider trading scandal, Herbalife Ltd. retained major accounting firm PricewaterhouseCoopers as its new auditor. The Los Angeles nutritional products company said Tuesday that PricewaterhouseCoopers would...
Tags: Economy, Business and Finance, Fraud, Insider Trading, Finance, Corporate Crime
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Guilty plea in KPMG insider-trading case
A San Fernando Valley jeweler at the center of an insider-trading scandal pleaded guilty to a conspiracy charge and agreed to turn over $1.27 million in ill-gotten stock gains made from tips from a top auditor at accounting giant KPMG. Bryan Shaw, 52,...
Tags: Prosecution, Judges, Jewelry, Herbalife Limited, U.S. Securities and Exchange Commission
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Jeweler pleads guilty in KPMG insider-trading case
A San Fernando Valley jeweler pleaded guilty Monday to a conspiracy charge in an insider-trading case and agreed to turn over $1.27 million in stock-trading gains made from tips allegedly provided by a then partner at accounting giant KPMG. Bryan Shaw,...
Tags: Prosecution, Judges, Herbalife Limited, U.S. Securities and Exchange Commission, KPMG
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U.S. RESEARCH ROUNDUP: Amazon.com, eBay, Cisco, Facebook, Medtronic
ReutersMay 16 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S. companies, including Cisco and Facebook, on Thursday. HIGHLIGHTS * Amazon.com Inc : Lazard starts with buy rating; price target $310 * EBay Inc...Tags: Mortgages, Media Industry, Conceptus Incorporated, Equity Residential, Economy, Business and Finance
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BRIEF-Skechers USA shares up 2.8 pct after the bell
ReutersNEW YORK, May 15 (Reuters) - Skechers USA Inc : * Shares up 2.8 percent after the bell following results -
Jeweler agrees to plead guilty in KPMG insider-trading case
A San Fernando Valley jeweler agreed to plead guilty to a conspiracy charge and return nearly $1.3 million in stock-trading gains he made from allegedly illegal tips provided by a former partner at accounting giant KPMG. Bryan Shaw, 52, of Lake Sherwood...Tags: Prosecution, Judges, Herbalife Limited, U.S. Securities and Exchange Commission, KPMG
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Jeweler agrees to plead guilty in KPMG insider-trading case
A San Fernando Valley jeweler has agreed to plead guilty to conspiracy for allegedly making illegal stock trades based on inside information given to him by a KPMG partner. Bryan Shaw, 52, of Lake Sherwood admitted in a plea agreement that he...
Tags: Insider Trading, Court Preliminary, Trials, Scott London, Justice System
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The day ahead in business May 3
Reports: Unemployment rate for April, 7:30 a.m.; Factory orders for March, 9 a.m.; ISM services index for April, 9 a.m. Local earnings: CBOE Holdings Inc., Telephone & Data Systems Inc., U.S. Cellular Corp. Other major earnings: Adidas AG, Air...
Tags: Walgreen Co., Newell Rubbermaid Incorporated, Adidas AG, Air France-KLM, Madison Square Garden
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Herbalife says KPMG's resignation hindered stock buybacks
Herbalife Ltd. said it had to scale back plans to repurchase its shares after KPMG resigned in early April as its auditor and withdrew its review of the company's annual financial statements for the last three years. The Los Angeles nutritional products...
Tags: Quarterly or Semiannual Financial Statements, Economy, Business and Finance, Fraud, Insider Trading, Finance
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Skechers gets new auditor after insider-trading allegations
Skechers USA Inc. appointed a new auditor Wednesday to replace its former accounting firm, KPMG, which was rocked by an insider trading scandal and resigned earlier this month. The Manhattan Beach shoe maker’s board of directors named BDO USA as...
Tags: Economy, Business and Finance, Insider Trading, Finance, Ford Motor Co., Scott London
May 16, 2012
|Story| WDBJ7
May 21, 2013
|Story| Reuters
May 22, 2013
|Story| Los Angeles Times
May 21, 2013
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May 20, 2013
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May 16, 2013
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May 15, 2013
|Story| Reuters
May 7, 2013
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May 6, 2013
|Story| Los Angeles Times
May 3, 2013
|Story| Chicago Tribune
May 1, 2013
|Story| Los Angeles Times
Apr 24, 2013
|Story| Los Angeles Times
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