Berkshire Hathaway Fined $896K For Failing To Follow Antitrust Regs

Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) will have to pay $896,000 for its failure to notify the regulators ahead of its decision to change its convertible notes into 28% of voting securities in USG Corporation (NYSE:USG) last December, reports Maria Armental for The Wall Street Journal. The Department of Justice lodged a complaint with the US District Court in Washington D.C. saying that Berkshire Hathaway had failed to notify both the DOJ and the Federal Trade Commission as required under the Hart-Scott-Rodino Antitrust Act. Berkshire Hathaway is large enough that it must be familiar with Antitrust law The Hart-Scott-Rodino…