John Buretta is a partner in Cravath’s litigation department and a former senior US Department of Justice (DOJ) official. His practice focuses on advising corporations, board members and senior executives with respect to internal investigations, criminal defence, regulatory compliance and related civil litigation, including matters concerning US antitrust laws and representation of clients before the DOJ’s Antitrust and Criminal Divisions.
Mr Buretta returned to Cravath in November 2013 following 11 years of service in the DOJ, where he most recently held the position of principal deputy assistant attorney general and chief of staff, which is ranked number two in the Criminal Division. In this role, he oversaw nearly 600 prosecutors on complex matters, including joint investigations between the Criminal and Antitrust Divisions of alleged market fraud and price-fixing.
Cartels are a surprisingly persistent feature of economic life. The temptation to rig the game in one’s favour is constant, particularly when demand conditions are weak and the product in question is an undifferentiated commodity. Corporate compliance programmes are useful but inherently limited, as managers may come to see their personal interests as divergent from those of the corporation.