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Warren Buffett’s Berkshire Hathaway firm agrees to pay $896,000 fine
Berkshire Hathaway yesterday agreed to pay an $896,000 (£540,000) fine to settle a US government allegations that it violated anti-trust rules by failing to report a transaction that boosted its stake in building products company USG Corp.
The civil penalty, which requires court approval, settles charges made by the US Department of Justice and Federal Trade Commission that the Warren Buffett-owned Berkshire violated an anti-trust law by not telling regulators about the 9 December 2013 transaction in advance.
“We made a mistake when we overlooked the filing requirement,” said Buffett, who is chairman and chief executive of Omaha, Nebraska-based company.