DoJ Dings Comcast CEO With $500K Fine

CEO of Comcast will have to pay a $500,000 civil penalty for violating antitrust premerger notification requirements

December 16, 2011

1 Min Read

WASHINGTON, D.C. -- Comcast Corporation’s CEO Brian L. Roberts will pay a $500,000 civil penalty to settle charges that he violated premerger reporting and waiting requirements when he acquired Comcast voting securities, the Department of Justice announced today.

The Justice Department’s Antitrust Division, at the request of the Federal Trade Commission, filed a civil antitrust lawsuit today in U.S. District Court in Washington, D.C., against Roberts for violating the notification requirements of the Hart-Scott-Rodino (HSR) Act of 1976. At the same time, the department filed a proposed settlement that, if approved by the court, will settle the charges.

Roberts is also chairman of the board of Comcast, a leading provider of cable television services headquartered in Philadelphia.

Comcast Corp. (Nasdaq: CMCSA, CMCSK)

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