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."

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.

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.