The jeweler who gave a former KPMG auditor cash, an expensive watch and concert tickets in exchange for inside information about public companies agreed on Monday to plead guilty.» Read More
NEW YORK, April 11- As investors Carl Icahn and William Ackman bickered loudly on TV earlier this year about their opposing bets on Herbalife, two other men were discussing the company in a different context: getting non-public information to trade ahead of the stock's next move.
Stocks ended higher Thursday lifted by an upbeat jobless claims report, with the Dow and S&P 500 closing at fresh levels, while weakness in large tech companies limited gains on the Nasdaq.
Prosecutors charged Scott London, the Los Angeles- based auditor, with one count of conspiracy to commit securities fraud for giving Brian Shaw, a jeweler, information about public companies including, Herbalife, Skechers and Deckers Outdoor Corporation.
U.S. prosecutors in California filed criminal charges against Scott London, a former senior auditor at KPMG in Los Angeles, of conspiracy to commit securities fraud.
April 11- U.S. prosecutors in California filed criminal charges against Scott London, a former senior auditor at KPMG in Los Angeles, of conspiracy to commit securities fraud for passing nonpublic information about three companies to a friend who traded on it. The U.S. Securities and Exchange Commission filed a corresponding civil complaint against London.
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Feb 11- Leading clothing retailers like Gap Inc, American Eagle Outfitters are forecast to report larger fourth-quarter profits in the coming weeks, the latest evidence that smart inventory management and lower costs helped overcome sluggish holiday sales for most in the industry.
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