PetroTiger Ex-CEO Gets Probation After GC Recants TestimonyJune 16, 2015 – In The News
Patrick Egan and Matthew Olesh were featured in the New Jersey Law Journal article "PetroTiger Ex-CEO Gets Probation After GC Recants Testimony." Full text can be found in the June 16, 2015, issue, but a synopsis is below.
Joseph Sigelman, the former co-chief executive of oil company PetroTiger, faced 20 years in prison for bribing a Colombian government official. Recently, however, he was sentenced to three years’ probation after a co-defendant admitted to giving false testimony.
Patrick Egan said that the co-defendant, who was the former general counsel for PetroTiger, admitted to falsely testifying under cross-examination. Egan reported that the co-defendant stated that the prosecutors told him to continue working with the oil company after he committed to being a witness.
Additionally, other statements made by the co-defendant were “shaky,” Egan said. He continued on to say, “When his credibility went south, a lot of the case went south.”
Sigelman is no longer associated with PetroTiger. Egan commented, “I think he's very glad to have this over with. We are very satisfied with the result.”
Egan and Matthew Olesh represented Sigelman in the case.