DOJ Obtains First Ever Extradition on an Antitrust Charge | Practical Law

DOJ Obtains First Ever Extradition on an Antitrust Charge | Practical Law

The DOJ successfully litigated the extradition of Romano Pisciotti on charges of a conspiracy to eliminate competition in the marine hose sales market, its first ever extradition on antitrust charges.

DOJ Obtains First Ever Extradition on an Antitrust Charge

Practical Law Legal Update 8-564-0065 (Approx. 3 pages)

DOJ Obtains First Ever Extradition on an Antitrust Charge

by Practical Law Antitrust
Published on 04 Apr 2014USA (National/Federal)
The DOJ successfully litigated the extradition of Romano Pisciotti on charges of a conspiracy to eliminate competition in the marine hose sales market, its first ever extradition on antitrust charges.
On April 4, 2014, the DOJ announced that it successfully litigated the extradition of Romano Pisciotti, its first ever extradition on an antitrust charge. Pisciotti, an Italian national, was extradited from Germany to the Southern District of Florida on April 3, 2014, after being arrested in Germany on June 17, 2013. The DOJ charged Pisciotti with conspiring to eliminate competition in the marine hose sales market by:
  • Rigging bids.
  • Fixing prices.
  • Allocating market shares.
Pisciotti allegedly participated in the conspiracy from approximately 1999 to November 2006. The DOJ alleged that Pisciotti relayed information obtained from US customers to a co-conspirator who coordinated the global conspiracy. The DOJ stated that the marine hose cartel affected the prices on hundreds of millions of dollars worth of sales worldwide.
Pisciotti's extradition is part of the DOJ's ongoing marine hose investigation, which to date has obtained guilty pleas from:
  • Five companies, both domestic and international.
  • Nine individuals.
The extradition underscores the DOJ’s commitment to prosecuting foreign nationals who conspire to fix prices for products sold in the United States.