Herbalife (HLF) Still Has One Fan, Regardless of Market Chatter/Auditor Resignations
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Herbalife (HLF) Expects to Retain NYSE Listing, Does Not See Default of Credit Facilities
April 9, 2013 9:13 PM EDTHerbalife (NYSE: HLF) issued a statement in response to media inquiries after auditor KPMG resigned following insider trading allegations. The company does not expect NYSE proceedings to delist the company stock and does not expect to be in default of its existing credit... More
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
Herbalife (HLF) Announces Resignation of KPMG as Auditor
April 9, 2013 11:05 AM EDTHerbalife (NYSE: HLF) announced that KPMG LLP notified Herbalife on April 8, 2013 that KPMG was resigning, effective immediately, as Herbalife's independent accountant. 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 advised the Company it resigned as Herbalife's independent accountant solely due to the impairment of KPMG's independence resulting from its now former partners alleged unlawful activities and not for any reason related to Herbalife's financial statements, its... More
Hedge Funds Square Off in Epic Battle; Herbalife (HLF) Fate Hangs in Balance
January 9, 2013 10:48 AM ESTWith friends like Dan Loeb, who needs enemies? That is probably what hedge fund manager Bill Ackman is thinking this morning after so-called pal Dan Loeb disclosed an 8.2 percent stake in Herbalife (NYSE: HLF), a company Ackman called a ponzi scheme. In December Ackman revealed a massive short... More
Is Chapman Preparing to Sue Ackman Over Herbalife (HLF)?
January 8, 2013 1:50 PM ESTActivist investor Robert Chapman promises "big news" regarding Herbalife (NYSE:... More
Former Herbalife (HLF) Bear Points Out Where Ackman Went Wrong
January 3, 2013 12:45 PM ESTHerbalife (NYSE: HLF) shares are on the move higher as an article by one former... More
