KPMG also resigns as Skechers auditor, company says

Footwear maker Skechers USA Inc is the second company from which KPMG has resigned as auditor following insider trading in its stock by a senior partner of the accounting firm.

KPMG has stated that it has no reason to believe that the financial statements of Skechers have been materially misstated, Skechers said in a statement.

KPMG also resigned as auditor of Herbalife Ltd.

(Reporting by Martinne Geller in New York; editing by Andrew Hay)