- Barry Diller, the chairman of IAC/InterActiveCorp and Coca-Cola board member, has agreed to pay a $480,000 penalty after a Tuesday alleged that he did not properly notify the Department of Justice and the Federal Trade Commission about shares he acquired between 2010 and 2012, valued at $136.4 million as of last April.
- Diller reportedly made corrective filings following an inquiry by Coca-Cola's lawyers about whether or not his transactions were subject to rules under the Hart-Scott-Rodino Act.
From the article:
... According to a complaint filed Tuesday, Diller did not notify the Department of Justice and the Federal Trade Commission when he acquired 605,000 shares of Coca-Cola (KO, Fortune 500) voting securities between November 2010 and April 2012, and an additional 264,000 shares in April 2012. ...