Comcast CEO Fined Over HSR Notification Violations

Law360, New York (December 16, 2011, 7:20 PM EST) -- Comcast Corp. CEO Brian L. Roberts has agreed to pay $500,000 to settle allegations filed Friday that he acquired large chunks of voting stock in the company as part of his executive compensation without alerting federal antitrust regulators, a violation of premerger notification requirements.

Roberts violated the notification and waiting requirements of the Hart-Scott-Rodino Act when he acquired Comcast voting securities beginning in October 2007 that left the CEO and board chairman holding more than $119.6 million of the cable provider's stock, the U.S. Department of...
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