Liberty Media Corporation and John C. Malone, United States of America (for the Federal Trade Commission)

Last Updated:
United States of America, Plaintiff, v. John C. Malone, care of Liberty Media Corporation, 12300 Liberty Boulevard, Englewood, CO 80112, Defendant
FTC Matter/File Number:

0810219

Civil Action Number:

109-cv-01147

Enforcement Type:

Civil Penalty (7a)

Federal Court:
District of Columbia

Case Summary

John C. Malone, CEO and Chairman of Discovery Holding Company, agreed to pay a $1.4 million civil penalty to settle Federal Trade Commission charges that he violated the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) in connection with acquisitions of Discovery shares in 2005 and 2008. The FTC alleged that Malone failed to file the required notice in 2005 after buying Discovery shares, and then in 2008 purchased additional Discovery shares before the expiration of a waiting period required by the HSR Act.