Investor Diller penalized for Coke securities buy -U.S. Justice
WASHINGTON, July 2
WASHINGTON, July 2 (Reuters) - The U.S. Justice Department said on Tuesday it had reached a proposed settlement with Barry Diller related to allegations that the investor violated antitrust notification requirements when he acquired voting securities of Coca-Cola Co.
Diller will pay a $480,000 civil penalty for the alleged violation, the Justice Department said in a statement announcing the settlement's filing in federal court.
Diller is chairman of media conglomerate IAC/InterActivecorp . (Reporting by David Ingram; Editing by Gerald E. McCormick)