Berkshire Hathaway will pay a settlement in an antitrust lawsuit. (Source: CNN)
(CNN) – Warren Buffet admits his firm made a mistake and will pay a nearly $900,000 settlement to the federal government.
Berkshire Hathaway acknowledged it should have told regulators about plans to acquire a building supply company last December.
The Justice Department filed a lawsuit saying the firm needed to disclose the deal with USG Corporation to allow for an antitrust review Berkshire Hathaway is now the largest owner of the company and holds a 28 percent stake.