Defendant Name:
Pride International, Inc.
Defendant Type:
Public Company
SIC Code:
1389
CUSIP:
74153Q10
Initial Case Details
Legal Case Name
SEC v. Pride International, Inc.
First Document Date
04-Nov-2010
Initial Filing Format
Civil Proceeding
Case Number
10-cv-04335
Allegation Type
Foreign Corrupt Practices Act
Federal District Court
Texas, Southern District of Texas
Resolutions
First Resolution Date
04-Nov-2010
Headline Total Penalty and Disgorgement
$23,529,718
Related Documents:
SEC Charges Pride International With Violating the Foreign Corrupt Practices Act
On November 4, 2010, the SEC issued a litigation release announcing that it charged Pride International, Inc. with violating the Foreign Corrupt Practices Act. According to the SEC: "to settle the SEC's charges, Pride will pay disgorgement of $19,341,870 plus pre-judgment interest of $4,187,848. The company will pay additional $32,625,000 to resolve related criminal proceedings announced today by the Department of Justice."
Complaint
On November 4, 2010, the SEC filed a complaint against Pride International, Inc. alleging violations of the Foreign Corrupt Practices Act.
SEC Charges Seven Oil Services and Freight Forwarding Companies for Widespread Bribery of Customs Officials
On November 4, 2010, the SEC announced it had settled with Panalpina, Inc., a global freight forwarding company, and six other companies in the oil services industries that it charged with violating the Foreign Corrupt Practices Act by paying bribes to foreign customs agents. Specifically, the SEC charged that Pride International, Inc. had paid approximately $2 million to foreign officials in eight countries from 2001 to 2006 in exchange for various benefits.
Final Judgment as to Defendant Pride International
On November 10, 2010, Federal District Judge Ewing Werlein, Jr. entered final judgment against Pride International, Inc. pursuant to the consent of Pride International, Inc.
