Defendant Name: Pride International, Inc.

Defendant Type: Public Company

Document Reference: LR-21726

Document Details

Legal Case Name SEC v. Pride International, Inc.
Document Name SEC Charges Pride International With Violating the Foreign Corrupt Practices Act
Document Date 04-Nov-2010
Document Format Civil Proceeding
Case Number 10-cv-04335
Federal District Court Texas, Southern District of Texas
AAER 3203
Allegation Type Foreign Corrupt Practices Act
Document Summary 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."

Disgorgement & Penalty Information

Resolutions
Enjoinment

Related Documents:

comp21726 04-Nov-2010 Complaint
Complaint
On November 4, 2010, the SEC filed a complaint against Pride International, Inc. alleging violations of the Foreign Corrupt Practices Act.
2010-214-Pride International 04-Nov-2010 Press Release--Civil Action
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.
court_doc8_10-cv-04335 10-Nov-2010 Court Docket Document
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.

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