NEW YORK — 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.
