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Mexican security risks highlighted in new reports
MINING.COM· 2026-02-25 17:10
A view of First Majestic’s Los Gatos operation in Chihuahua state. Credit: First Majestic Silver.Escalating security risks and a legacy of lengthy project approvals are increasing investor scrutiny of mining exposure to Mexico, TD Cowen says.Recent incidents linked to cartel activity — such as the late January abduction of 10 Vizsla Silver (TSX, NYSE: VZLA) workers and subsequent killing of some of them — underscore the strategic importance of Mexico’s mining industry, particularly for silver, TD Cowen mini ...
PetMed Express (PETS) Faces Investor Scrutiny Amid Filing Delays, Executive Departures, Admitted Accounting Rule Violations -- Hagens Berman
Globenewswire· 2025-10-09 22:58
Core Viewpoint - PetMed Express has faced a significant decline in share price, approximately 26% since June 16, 2025, due to issues surrounding its financial reporting and internal investigations [1][4]. Financial Reporting Issues - The company announced it would not timely file its annual financial statements for the year ended March 31, 2025, requiring additional time for data compilation and verification [4]. - Subsequent announcements revealed that PetMed overstated net sales by $6.969 million for the year ended March 31, 2024, and by $9.01 million for the prior year [7]. Internal Investigations - An internal investigation was initiated following a whistleblower complaint regarding revenue recognition related to autoship orders, which led to customer complaints [5]. - The Audit Committee chair resigned abruptly on July 28, 2025, amid these investigations [5]. Management Changes - On August 12, 2025, both the CEO and CFO of PetMed resigned effective immediately due to ongoing issues related to the internal investigation [6]. Legal and Regulatory Actions - Hagens Berman, a national shareholders rights firm, has opened an investigation into whether PetMed misled investors regarding its financial results and adherence to accounting principles [2][3]. - The firm is encouraging affected investors to submit their losses and is seeking information from individuals who may assist in the investigation [2][8].