Berkshire Hathaway settles antitrust lawsuit - Toledo News Now, News, Weather, Sports, Toledo, OH

Berkshire Hathaway settles antitrust lawsuit

Berkshire Hathaway will pay a settlement in an antitrust lawsuit. (Source: CNN) Berkshire Hathaway will pay a settlement in an antitrust lawsuit. (Source: CNN)
  • Government shutdown endNational politicsMore>>

  • Ivanka Trump: Visit to Olympics 'so incredibly inspiring'

    Ivanka Trump: Visit to Olympics 'so incredibly inspiring'

    Saturday, February 24 2018 10:05 PM EST2018-02-25 03:05:39 GMT
    Sunday, February 25 2018 1:00 PM EST2018-02-25 18:00:22 GMT
    (AP Photo/Christophe Ena). Ivanka Trump waves during the third heat of the four-man bobsled competition final at the 2018 Winter Olympics in Pyeongchang, South Korea, Sunday, Feb. 25, 2018.(AP Photo/Christophe Ena). Ivanka Trump waves during the third heat of the four-man bobsled competition final at the 2018 Winter Olympics in Pyeongchang, South Korea, Sunday, Feb. 25, 2018.
    The U.S. president's daughter and adviser says her visit to the Olympics is "so incredibly inspiring" and is expressing gratitude at the chance to watch competition and "be here with our allies in South Korea.".More >>
    The U.S. president's daughter and adviser says her visit to the Olympics is "so incredibly inspiring" and is expressing gratitude at the chance to watch competition and "be here with our allies in South Korea.".More >>
  • Leading liberal policy group unveils 'coverage for all' plan

    Leading liberal policy group unveils 'coverage for all' plan

    Wednesday, February 21 2018 9:13 PM EST2018-02-22 02:13:55 GMT
    Sunday, February 25 2018 12:59 PM EST2018-02-25 17:59:32 GMT
    New plan from liberal policy group calls for 'Medicare Extra' to guarantee coverage for all, but keeps role for employers and private insurance.More >>
    New plan from liberal policy group calls for 'Medicare Extra' to guarantee coverage for all, but keeps role for employers and private insurance.More >>
  • Congress has ideas on gun violence, but no consensus

    Congress has ideas on gun violence, but no consensus

    Sunday, February 25 2018 7:56 AM EST2018-02-25 12:56:12 GMT
    Sunday, February 25 2018 12:58 PM EST2018-02-25 17:58:54 GMT
    (AP Photo/J. Scott Applewhite, File). In this Feb. 21, 2018, photo, school students from Montgomery County, Md., in suburban Washington, rally in solidarity with those affected by the shooting at Parkland High School in Florida, at the Capitol in Washi...(AP Photo/J. Scott Applewhite, File). In this Feb. 21, 2018, photo, school students from Montgomery County, Md., in suburban Washington, rally in solidarity with those affected by the shooting at Parkland High School in Florida, at the Capitol in Washi...
    Members of Congress are returning to work after a 10-day break, and they're under great pressure to respond to the outcry over gun violence.More >>
    Members of Congress are returning to work after a 10-day break, and they're under great pressure to respond to the outcry over gun violence.More >>

(CNN) – Warren Buffet admits his firm made a mistake and will pay a nearly $900,000 settlement to the federal government.

Berkshire Hathaway acknowledged it should have told regulators about plans to acquire a building supply company last December.

The Justice Department filed a lawsuit saying the firm needed to disclose the deal with USG Corporation to allow for an antitrust review Berkshire Hathaway is now the largest owner of the company and holds a 28 percent stake.

A judge still has to sign off the settlement.

Copyright 2014 CNN. All rights reserved.

Powered by Frankly