Scandal at Interior: The Washington Post reports on the federal investigation of the Interior Department, which uncovered a host of offenses committed by government officials in charge of collecting royalties from oil and gas companies. Investigators found that the officials accepted gifts, awarded contracts to favored clients, and engaged in drug use and illicit sex with energy firm employees.
Pay Up: A federal appeals court has upheld a judgment of more than $182 million against Big 4 accounting firm PricewaterhouseCoopers in an auditing malpractice suit, reports The Legal Intelligencer via Law.com.
Leaving for Big Law: The Wall Street Journal reports that Mark Schonfeld, the SEC’s top New York enforcement attorney, is planning to leave next month for a law firm. One source familiar with the matters says Schonfeld is heading to Gibson, Dunn & Crutcher.
Malpractice: The New York Law Journal reports that a malpractice suit against Mintz, Levin, Cohn, Ferris, Glovsky and Popeo’s New York managing partner will go forward. The partner is facing a malpractice suit alleging that he was too preoccupied with changing law firms to timely file a lawsuit.