Buffett's Berkshire Hathaway pays $900000 to settle antitrust lawsuit
For not giving government regulators a heads-up about plans to acquire a building supply company, Warren Buffett's investment firm will pay nearly $900,000.
The government says Berkshire Hathaway needed to disclose the deal to acquire stock in USG Corp. last December to allow for an antitrust review.
Chicago-based USG makes wallboard, ceiling suspension systems and acoustic panels. Berkshire became the largest owner of the company and currently holds a 28% stake.
The Justice Department says the settlement requires court approval.
A spokeswoman for Berkshire Hathaway did not return a phone message left Wednesday afternoon.
First Published: August 20, 2014: 1:28 PM ET
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