A former executive of a marine hose manufacturer who was extradited by the U.S. Department of Justice pled guilty to antitrust violations and will serve two years in prison for plotting to rig bids and fix prices on shares of marine hose used in the oil industry.
Litigation Partner William Shepherd, who represents Romano Pisciotti, said the plea agreement also dictates that the Department of Justice won't oppose his client's request for a transfer to serve his prison sentence in his home country of Italy.
"In general, he's very pleased with the result and pleased to put this matter behind him," Mr. Shepherd said.
READ: Extradited Ex-Marine Hose Exec Cops To Antitrust Violations (subscription required)
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