Two former executives of PetMed Express Inc. will pay a total of $2.5 million in civil penalties to settle insider trading claims under agreements filed Thursday in the Southern District of Florida.
Adam Terris, former director of PetMed’s call center and pharmaceutical operations, will pay $1.4 million in penalties, while Richard M. Kirsch, former director of information systems for the company, will pay just over $1 million to resolve allegations brought by the Securities and Exchange Commission.
The agreements also bar Terris and Kirsch from acting as an officer or director of any issuer that has a class of securities ...
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