The Internal Revenue Service's Office of Professional Responsibility said it has settled a case involving two attorneys and a $31 million bond issuance in Spokane, Wash.

The bond issuance was handled in 1998 by the law firm of Preston, Gates & Ellis LLP, now known as Kirkland & Lockhart Preston Gates Ellis, or K&L Gates. The settlement was with attorneys Michael C. Ormsby, an administrative partner at K&L Gates, and David O. Thompson, a partner at the firm. Both referred questions to a spokesperson at the firm.

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