Retail

Skechers Shares Halted -- KPMG Was Firm’s Auditor

Paul Ausick
Published:
Last Updated:

Athletic shoes
Source: Thinkstock
Shares of footwear maker Skechers USA Inc. (NYSE: SKX) were halted at 10:27 a.m. ET this morning. The company, based in Manhattan Beach, California, may be the second firm from which KPMG resigned as a result of the insider trading report the auditing firm released last night.

Earlier this morning, shares of nutritional food maker and multilevel marketer Herbalife Ltd. (NYSE: HLF) were halted at opening amid speculation that its shares also were involved in the insider trading scheme.

So far there has been no announcement from either Skechers or Herbalife.

Shares of Skechers were up nearly 2% in morning trading today, at $21.87 in a 52-week range of $12.56 to $22.61.

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