Professional
Liability
We represent accounting firms in high stakes regulatory
matters and litigation. Our attorneys understand theapplicable professional standards, monitor legal
developments on a weekly basis, and know how to
defend professionals at trial. In the last decade, King &Spalding has handled more than 400 matters involving
large accounting firms, including audit, consulting, andtax matters.
In recent years, King & Spalding has been lead counsel
in four auditing malpractice cases that have gone to jury
trials, three of which had potential exposure greater than
$1 billion. Two of those cases resulted in complete
defense verdicts and two settled during trial. Although
we stand ready to take any matter to trial, we also workwith our clients to seek the most favorable resolution,
taking into account all of the client’s concerns,
including reputational and institutional interests.
We also regularly represent accounting firms and theirprofessionals in regulatory investigations andenforcement proceedings. Partners in our group have
handled more than 100 investigations and enforcement
proceedings in the last ten years, successfully dealing
with, among others, the PCAOB, SEC, DOJ, OCC,FDIC, CFTC, FTC, HUD, HHS, IRS, Senate and House
committees, the New York Attorney General’s Office,the Florida Department of Financial Services, andvarious state agencies and accountancy boards. Our
team includes former senior SEC and DOJ attorneys anda former PCAOB associate director.
Our team has significant experience representing the nonU.S. members of the global network firms. Our clients haveincluded firms and individuals in more than a dozen
countries, including Argentina, Australia, the Bahamas,
Brazil, Canada, China, Hong Kong, Hungary, India, Italy,
Japan, the Philippines, and the United Kingdom.
We leverage the experience of our partners in ourCapabilityLawyers
Richard T. Marooney
New York

Michael R. Pauze
Washington, D.C.

Recognition
Ranked as Leading
Practitioners for General
Commercial Disputes
LEGAL 500, 2022

Singled out Among the BestLaw Firms in Complex
Commercial Litigation
BTI LITIGATION OUTLOOK,
2022

Ranked in Tier 1 for General
Commercial Litigation
BENCHMARK LITIGATION,
2022

Appellate, Securities Litigation, Special
Matters/Government Investigations, and FinancialRestructuring practices to address the full range of issues
facing our clients. When appropriate, we involve our firm’s
industry experts in matters challenging an accounting firm’s
work relating to that industry. Through our weekly Auditor
Liability Bulletin, we update our clients on legal andregulatory developments.

Cases & Deals
May 22, 2015
King & Spalding Achieves Appellate Victory in Pro Bono
International Child Custody CaseMay 20, 2015
King & Spalding Obtains Complete Defense Verdict forDeloitte Following Six-Week Jury Trial
VIEW ALLInsights
CLIENT ALERT
April 2, 2024
PCAOB Division of Enforcement’s First Quarter Continues
Record-Setting Pace
ARTICLE
July 5, 2023
Public Company Accounting Oversight Board Proposes
Role-Altering Audit Standards
ARTICLE
December 16, 2020
Protection of Work Product Shared With Outside Auditors
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EventsSPEAKING ENGAGEMENT
July 25, 2024
Sarah Primrose to Speak at American Bankruptcy
Institute’s 2024 Southeast Bankruptcy Workshop
SPEAKING ENGAGEMENT
October 13, 2022
Paul Murphy to Speak on Ernst & Young’s Q3 Audit
Committee Webcast
VIEW ALLNews
IN THE NEWS
September 10, 2024
Litigation partner Jordan Leu joins the firm’s Business
Litigation practice group in Dallas

PRESS RELEASE
September 10, 2024
Litigation Partner Jordan Leu Joins King & Spalding inDallas
PRESS RELEASEApril 2, 2024
King & Spalding Adds Three-Partner Litigation Team in
New York
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