CSL reaches price-fixing settlement

CSL will pay just US$64m of the US$1bn several North American hospitals had claimed in a four-year legal battle over alleged price fixing that has cost CSL more than $20m. The class action alleged that CSL conspired for seven years with its major competitor, US-listed Baxter, to fix the price of the company’s two dominant blood products – immunoglobulin and albumin. CSL was accused of orchestrating the cartel following the rapid swings between shortage and oversupply of plasma in the late 1990’s and early 2000's. New chief executive officer, Paul Perreault, rejected the allegations but said 'to pursue the...

CSL will pay just US$64m of the US$1bn several North American hospitals had claimed in a four-year legal battle over alleged price fixing that has cost CSL more than $20m. The class action alleged that CSL conspired for seven years with its major competitor, US-listed Baxter, to fix the price of the company’s two dominant blood products – immunoglobulin and albumin.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles