Investor Barry Diller’s settlement with the FTC agreed...
Investor Barry Diller’s settlement with the FTC agreed to “a small fraction of the fines” to which the agency thinks it’s entitled to avoid “time and expense of a court challenge,” he said in a statement responding to an FTC…
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consent decree Tuesday (CD July 3 p11). Diller said he bought the Coca Cola shares at the heart of the FTC settlement “in my personal capacity. I was not made aware of the necessity to file, and the moment I became aware, I filed promptly and complied with all regulations -- the only infraction was in the timing.” The settlement “highlights the need for the antitrust agencies to make explicit that officers and directors that choose to align their interests more closely with the shareholders they serve should be subject to higher” Hart-Scott-Rodino Act thresholds, he said.