DOJ Scores First Antitrust Extradition: More to Come?

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With Friday’s announcement of the first-ever extradition of a foreign executive on criminal antitrust charges to the United States, the US Department of Justice has won a major victory in its effort to prosecute and deter international cartels. Combined with the increased international trend towards criminalization of cartel activity, Friday’s extradition announcement represents a significant cautionary precedent for corporations and individuals alike.

A Major Milestone in DOJ Cartel Prosecution -

The US Department of Justice announced on Friday that they have secured the first-ever extradition of a foreign national to the United States on an antitrust charge. The transfer in custody of Italian executive Romano Pisciotti from Germany comes on the heels of a years-long investigation by the DOJ and other agencies into bid rigging in the marine hose industry, and marks a growing trend towards increasingly aggressive cross-border cooperation between criminal antitrust enforcers.

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Topics:  Antitrust Litigation, DOJ, Extradition

Published In: Antitrust & Trade Regulation Updates, General Business Updates, Criminal Law Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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