Herbalife Taps PwC As Auditor After KPMG Insider Scandal

Law360, New York (May 21, 2013, 4:52 PM EDT) -- Herbalife Ltd. said Tuesday it had chosen PricewaterhouseCoopers LLP as its auditor, replacing KPMG LLP after a partner at the firm was charged in early April with leaking confidential information about Herbalife and other clients to a friend who traded on the tips.

Herbalife revealed the move in a filing with the U.S. Securities and Exchange Commission. KPMG was forced to resign as Herbalife’s auditor April 9 amid allegations that Scott London, the partner in charge of KPMG’s Los Angeles practice, had passed confidential information about...
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