Herbalife's (HLF) Fate Continues to Be Dominated by Outside Forces
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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
SEC Says Investigating KPMG Partners for Insider Trading
April 9, 2013 1:12 PM EDTThe SEC said it was investigating KPMG Partners for its role in insider trading.... More
Herbalife (HLF) Drops on Resumption
April 9, 2013 11:33 AM EDTHerbalife (NYSE: HLF) resumes trading, shares are lower at the start.... More
Herbalife (HLF) Still Has One Fan, Regardless of Market Chatter/Auditor Resignations
April 9, 2013 11:22 AM EDTRain or shine, one investor will stick by Herbalife's (NYSE: HLF) side.
Following news that KPMG will resign as auditor for Herbalife today, the WSJ noted that activist investor Robert Chapman Jr. will be buying when others are... 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
Skechers USA (SKX) and Herbalife (HLF) Halts May Be Related
April 9, 2013 10:34 AM EDTThere is speculation that the trading halt in Skechers USA (NYSE: SKX) is related to the hour and a half-long trading halt on Herbalife (NYSE: HLF) which appears to be related to reports KPMG resigned as its... More
KPMG Statement on Insider Trading, Resignation from Two Clients
April 9, 2013 10:23 AM EDTKPMG issued the following statement announcing that it would resign as auditor of two clients. KMPG didn't mention who the two clients were, but many expect that one is trader favorite Herbalife (NYSE: HLF)
The statement is below:
Late last week, we were informed... More
Neither Bill Ackman or Carl Icahn Involved in Insider Trading on Herbalife (HLF)
April 9, 2013 10:20 AM EDTThe third party given information on Herbalife (NYSE: HLF) in the alleged KPMG auditor resignation is not related to Bill Ackman or Carl Ichan, CNBC reported.... More
Herbalife (HLF) Auditor Resigns After Providing Insider Information
April 9, 2013 10:07 AM EDTWith shares of Herbalife (NYSE: HLF) halted on news pending, reports have surfaced from the New York Times that KPMG has resigned as the company's auditor. The resignation comes after a KPMG senior partner was fired for providing inside information to an unnamed individual... More
Herbalife (HLF) Peers Trade Lower on News Auditor Resigns
April 9, 2013 9:59 AM EDTHerbalife (NYSE: HLF) peers head lower on news KPMG auditor said to resign on leaked insider information: Nu Skin Enterprises Inc. (NYSE: NUS), USANA Health Sciences Inc. (NASDAQ: USNA), Blyth, Inc. (NYSE: BTH).
The news appears company specific.... More
KPMG said to resign as Herbalife (HLF) auditor
April 9, 2013 9:54 AM EDTKPMG said to resign as Herbalife (NYSE: HLF) auditor.... More
Herbalife (HLF) Peers on Watch on Trading Halt
April 9, 2013 9:41 AM EDTTraders watching Herbalife (NYSE: HLF) peers on the trading halt with news pending. Stocks: Nu Skin Enterprises Inc. (NYSE: NUS), USANA Health Sciences Inc. (NASDAQ: USNA), Blyth, Inc. (NYSE: BTH).... More
NYSE says Herbalife (HLF) requested trading halt on news pending
April 9, 2013 9:37 AM EDTNYSE says Herbalife (NYSE: HLF) requested trading halt on news pending.... More
Buy Herbalife! Ackman's Foresight Under Fire Following JCPenney (JCP) Shakeup
April 9, 2013 7:35 AM EDTDoes Pershing Square's Bill Ackman still have the magic touch?
Following the ouster of Ron Johnson as CEO of JCPenney (NYSE: JCP) on Monday night, some are asking hedge fund giant Bill Ackman what his thought's are on the situation. Unfortunately, Ackman isn't talking right now.
The NY Post, which has been vocal on JCPenney and its problems since at least the start of 2013, points to one... More
