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Barry Diller fined $480,000 over Coca-Cola stock

[July 03, 2013]  NEW YORK (AP) -- The Federal Trade Commission says it has fined billionaire Barry Diller $480,000 tied to complaints that he did not submit the required regulatory filings when he acquired voting shares in the Coca-Cola Co. in 2010 and 2012.

The FTC said Diller bought 120,000 shares of Coca-Cola in November 2010, 605,000 shares on April 26, 2012, and 264,000 more on April 27 -- but did not submit the required filings to the FTC and the Justice Department under the Hart-Scott-Rodino Act.

He later made corrective filings, the FTC said.

As of April 27, 2012, Diller had more than $136.4 million of Coke voting stock, according to the Justice Department's complaint.

IAC/InterActiveCorp, where Diller is chairman, declined to comment.

[Associated Press]

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