On November 4, 2010, the SEC issued a litigation release announcing that it filed a settled enforcement action against Transocean Inc. with violations of the anti-bribery, books and records, and internal controls provisions of the Foreign Corrupt Practices Act. According to the SEC: "Transocean has agreed to pay disgorgement, interest, and a civil penalty totaling $7,265,080 to settle the charges."

On November 4, 2010, the SEC filed a complaint against Transocean Inc. alleging violations of the anti-bribery, books and records, and internal controls provisions of the Foreign Corrupt Practices Act.

On November 4, 2010, the SEC announced that it had reached a settlement with Transocean Inc. ("Transocean") for the company's violations of the Foreign Corrupt Practices Act. An international provider of offshore drilling services to oil companies throughout the world, Transocean made illicit payments from at least 2002 to 2007 through its customs agents to Nigerian government officials in order to extend the temporary importation status of its drilling rigs. Bribes also were paid to obtain false paperwork associated with its drilling rigs and obtain inward clearance authorizations for its rigs and a bond registration. As part of the settlement, Transocean, without admitting or denying the SEC's allegations, agreed to an injunction and will pay disgorgement and prejudgment interest of $7,265,080. In related criminal proceedings brought by the U.S. Department of Justice, Transocean and Transocean Ltd. agreed to pay a criminal fine of $13.44 million.

On November 9, 2010, Federal District Judge John D. Bates entered final judgment against Transocean Inc. pursuant to the consent of Transocean Inc.