Title

FTC Fines CEO $1.4 Million For Failure To File Under HSR Act After Purchasing Company Stock
Client Newsflash

Created date

6/24/2009

The Federal Trade Commission ("FTC") yesterday fined John C. Malone, CEO and Chairman of Discovery Holding Company ("Discovery"), $1.4 million to settle allegations that he violated the Hart-Scott-Rodino Antitrust Improvements Act (the "HSR Act") in connection with acquisitions of Discovery shares in 2005 and 2008.