Australia: Cryosite to pay AUD$1.05M for “gun jumping” cartel conduct

Australia: Cryosite to pay AUD$1.05M for “gun jumping” cartel conduct

The Federal Court has ordered Cryosite Limited to pay AUD$1.05 million in penalties for engaging in cartel conduct in its asset sale agreement with Cell Care Australia. The Court held, by consent, that Cryosite engaged in cartel conduct when it signed an agreement in June 2017 to sell the assets of its private cord blood […]