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A collection of news and information related to Skechers USA Incorporated published by this site and its partners.

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    May 16, 2012 |Story| WDBJ7
  1. 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.
    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

  2. May 21, 2013 |Story| Reuters
  3. 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

  4. May 22, 2013 |Story| Los Angeles Times
  5. 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.
    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

  6. May 21, 2013 |Story| Los Angeles Times
  7. 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.
    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

  8. May 20, 2013 |Story| Los Angeles Times
  9. 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.
    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

  10. May 16, 2013 |Story| Reuters
  11. U.S. RESEARCH ROUNDUP: Amazon.com, eBay, Cisco, Facebook, Medtronic

    Reuters
    May 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

  12. May 15, 2013 |Story| Reuters
  13. BRIEF-Skechers USA shares up 2.8 pct after the bell

    Reuters
    NEW YORK, May 15 (Reuters) - Skechers USA Inc : * Shares up 2.8 percent after the bell following results
  14. May 7, 2013 |Story| Los Angeles Times
  15. 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

  16. May 6, 2013 |Story| Los Angeles Times
  17. 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.
    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

  18. May 3, 2013 |Story| Chicago Tribune
  19. 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.
    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

  20. May 1, 2013 |Story| Los Angeles Times
  21. 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.
    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

  22. Apr 24, 2013 |Story| Los Angeles Times
  23. 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.
    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

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Skechers USA Incorporated Photos
KPMG partner Scott I. London, left, is shown in FBI pho...
(April 11, 2013)
KPMG partner Scott I. London, left, is shown in FBI photograph allegedly accepting a $5,000 cash bribe from Bryan Shaw earlier this year. Federal prosecutors charge London with providing Shaw with inside information on two California companies, Herbalife Ltd. and Skechers USA Inc.
KPMG partner Scott London, left, is shown in an FBI pho...
(April 11, 2013)
Scott London Bryan Shaw KPMG