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Landmark Cryosite gun-jumping cartel prosecution fizzles out in Australia after small fine

By James Panichi ( February 13, 2019, 04:24 GMT | Insight) -- Australia’s first-ever gun-jumping cartel prosecution has ended in a low-key compromise, with a judge today accepting a deal that includes an A$1.05 million ($750,000) fine for biomedical company Cryosite over anticompetitive arrangements ahead of a planned merger. Judge Jonathan Beach today told the Federal Court of Australia, sitting in Melbourne, that he had accepted the arrangement reached between Cryosite and the Australian Competition & Consumer Commission, which was announced earlier this week.Australia’s first-ever gun-jumping cartel prosecution has ended in a low-key compromise, with a judge today accepting a deal that includes an A$1.05 million ($750,000) fine for biomedical company Cryosite over anticompetitive arrangements ahead of a planned merger. ...

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