Two men accused of using insider information to make advantageous trades of PetMed Express Inc. stock received a Florida federal district judge’s approval of their SEC settlements.
Scott O. Hirsch and Kenneth L. Friedman will pay nearly $1.25 million combined, although neither admitted wrongdoing as part of their Securities and Exchange Commission settlements, according to Thursday final judgments from the U.S. District Court for the Southern District of Florida.
A former senior manager for the online pet pharmacy, also known as 1-800-PetMeds, tipped both men, the SEC said. Friedman made more than $501,000 on his trades, while Hirsch made ...
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