Berkshire Hathaway settles antitrust lawsuit - WBRC FOX6 News - Birmingham, AL

Berkshire Hathaway settles antitrust lawsuit

Berkshire Hathaway will pay a settlement in an antitrust lawsuit. (Source: CNN) Berkshire Hathaway will pay a settlement in an antitrust lawsuit. (Source: CNN)
  • National politicsNational politicsMore>>

  • The Latest: Complaints vs Google, Facebook under new EU law

    The Latest: Complaints vs Google, Facebook under new EU law

    Friday, May 25 2018 6:12 AM EDT2018-05-25 10:12:59 GMT
    Friday, May 25 2018 10:24 AM EDT2018-05-25 14:24:02 GMT
    (AP Photo/Matt Dunham). Seen through an internal window, the founder and CEO of "My Nametags" Lars Andersen, originally from Norway, poses for photographs by a sheet label "weeding machine" at his business premises in London, Wednesday, May 23, 2018. S...(AP Photo/Matt Dunham). Seen through an internal window, the founder and CEO of "My Nametags" Lars Andersen, originally from Norway, poses for photographs by a sheet label "weeding machine" at his business premises in London, Wednesday, May 23, 2018. S...
    The Los Angeles is freezing readers in parts of Europe out of its website as new privacy rules come into force across the European Union.More >>
    The Los Angeles is freezing readers in parts of Europe out of its website as new privacy rules come into force across the European Union.More >>
  • Amid confusion, EU data privacy law goes into effect

    Amid confusion, EU data privacy law goes into effect

    Friday, May 25 2018 5:52 AM EDT2018-05-25 09:52:54 GMT
    Friday, May 25 2018 10:23 AM EDT2018-05-25 14:23:58 GMT
    (AP Photo/Matt Dunham). The founder and CEO of "My Nametags" Lars Andersen, originally from Norway, poses for photographs by a sheet label "weeding machine" at his business premises in London, Wednesday, May 23, 2018. Starting Friday, May 25, 2018, My ...(AP Photo/Matt Dunham). The founder and CEO of "My Nametags" Lars Andersen, originally from Norway, poses for photographs by a sheet label "weeding machine" at his business premises in London, Wednesday, May 23, 2018. Starting Friday, May 25, 2018, My ...
    Ready or not, companies that collect or process the personal information of EU residents must now start complying with stringent new EU data rules.More >>
    Ready or not, companies that collect or process the personal information of EU residents must now start complying with stringent new EU data rules.More >>
  • Shooting survivors share their stories with Texas governor

    Shooting survivors share their stories with Texas governor

    Friday, May 25 2018 12:42 AM EDT2018-05-25 04:42:37 GMT
    Friday, May 25 2018 10:19 AM EDT2018-05-25 14:19:06 GMT
    (AP Photo/Eric Gay). Grace Johnson, a student at Santa Fe High School in Texas, center, speaks during a roundtable discussion in Austin, Texas, Thursday, May 24, 2018, hosted by Texas Gov. Gregg Abbott to address safety and security at Texas schools in...(AP Photo/Eric Gay). Grace Johnson, a student at Santa Fe High School in Texas, center, speaks during a roundtable discussion in Austin, Texas, Thursday, May 24, 2018, hosted by Texas Gov. Gregg Abbott to address safety and security at Texas schools in...
    Survivors of last week's shooting at a high school near Houston told gripping stories as they pleaded with Texas Gov. Greg Abbott for more armed security to keep campuses safe.More >>
    Survivors of last week's shooting at a high school near Houston told gripping stories as they pleaded with Texas Gov. Greg Abbott for more armed security to keep campuses safe.More >>

(CNN) – Warren Buffet admits his firm made a mistake and will pay a nearly $900,000 settlement to the federal government.

Berkshire Hathaway acknowledged it should have told regulators about plans to acquire a building supply company last December.

The Justice Department filed a lawsuit saying the firm needed to disclose the deal with USG Corporation to allow for an antitrust review Berkshire Hathaway is now the largest owner of the company and holds a 28 percent stake.

A judge still has to sign off the settlement.

Copyright 2014 CNN. All rights reserved.

Powered by Frankly