KPMG said it fired one of its senior partners for allegedly leaking non-public information in Herbalife and Sketchers to a third party who then traded on that info.
London has been at the firm for over 29 years, according to his LinkedIn profile. He was in charge of audit practice for KPMG in Southern California.
It’s still unclear who is the “third party.” CNBC’s Scott Wapner reported earlier that the third party is not related to hedge fund manager Bill Ackman, who is short Herbalife, or Carl Icahn, who is long the nutrition company.
The accounting firm resigned as an auditor to those companies. Both the SEC and FBI are said to be investigating the matter, according to press reports.
Here’s a screenshot of London’s LinkedIn profile: