By Jonathan Stempel
(Reuters) - A company owned by Ronald Perelman has agreed to pay $720,000 to settle Department of Justice charges over a stock purchase, the second time this month that the billionaire financier agreed to penalties to resolve civil charges by the federal government.
MacAndrews & Forbes Holdings agreed to make the payment to end an antitrust case over its failure to report its June 2012 purchase of more shares in Scientific Games Corp
The accord follows an unrelated June 13 settlement in which Revlon Inc
Both settlements require court approval.
In Thursday's case, the government said the purchase of Scientific Games shares required Perelman's firm under the federal Hart-Scott-Rodino law to report its stake to the Justice Department and the Federal Trade Commission.
These agencies have powers to block mergers, and can demand notice when a shareholder is amassing a large stake in a company. MacAndrews & Forbes later made a corrective filing.
Christine Taylor, a MacAndrews & Forbes spokeswoman, called the failure to file a "technical and inadvertent mistake" that the company reported on its own and which involved no financial benefit. She said new safeguards are in place to avoid a repeat.
According to regulatory filings, Perelman owns roughly 38 percent of Scientific Games, whose market value was about $966 million as of Wednesday's close.
Forbes magazine in March estimated that Perelman, 70, was worth $12.2 billion, making him the world's 79th-richest person.
The case is U.S. v. MacAndrews & Forbes Holdings Inc, U.S. District Court, District of Columbia, No. 13-00926.
(Reporting by Jonathan Stempel in New York; Editing by Carol Bishopric)