Black Eye Aside, KPMG May Sidestep Legal Melee

Law360, New York (April 9, 2013, 8:53 PM EDT) -- KPMG LLP on Tuesday moved quickly to distance itself from a top official under investigation for alleged insider trading, part of a legal strategy that could see the audit giant emerge from the scandal relatively unscathed, experts say.

KPMG was forced to resign as the auditor for Herbalife Ltd. and Skechers USA Inc. after learning that the partner, Scott London, had passed information about the two companies to an unnamed third party who traded on the tips. KPMG fired London last week and confirmed Tuesday he...
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