A New Era In Cartel Enforcement Against Foreign Nationals?
Law360, New York ( June 4, 2014, 4:47 PM EDT) -- In what the Antitrust Division of the U.S. Department of Justice recently announced as the "first of its kind extradition on an antitrust charge,"[1] Romano Pisciotti, an Italian national who was allegedly at the center of the global conspiracy to fix prices in the marine hose market, was taken into custody upon his arrival in Miami from Germany. It is not clear if this victory for the division is an outlier or the beginning of a trend, but it has caught the attention of the antitrust defense bar. Pisciotti's arrest raises the question of what a more aggressive approach toward extradition for criminal antitrust offenses would mean for international companies and their non-U.S. executives caught in the crosshairs of a criminal antitrust investigation in the United States....
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