WASHINGTON Oct 18 Ernst & Young will pay $11.8
million to settle charges over "failed audits" of oil services
company Weatherford International PLC <WFT.N >, the U.S.
Securities and Exchange Commission said on Tuesday.
An Ernst & Young partner who coordinated the audits and a
former tax partner who was part of the audit team were also
charged in the SEC's order, the agency said in a statement,
which follows Weatherford's $140 million penalty announced last
month to settle charges of inflating its earings.
(Reporting by Susan Heavey; Editing by Mohammad Zargham)