Kendall Law Group Announces Investigation of Pride International, Inc.

Kendall Law Group, a national shareholder rights law firm, is investigating certain officers and directors of Pride International, Inc. (NYSE: PDE) for possible breaches of fiduciary duty and other state laws concerning public statements made by the Company in connection with expected settlements with the federal government. If you currently hold PDE stock purchased prior to 2006, you are encouraged to contact the firm by telephone at 877-744-3728 or by email at hlindley@kendalllawgroup.com.

On February 16, 2010, Pride International announced a $56.2 million accrual in the fourth quarter of 2009. The Company indicated that this accrual is their best estimate of potential fines, penalties and disgorgement related to expected settlements with the DOJ and the SEC. These settlements are in connection to the investigation by the DOJ and SEC for allegations of improper payments to foreign government officials in violation of the U.S. Foreign Corrupt Practices Act.

Kendall Law Group is led by a former federal judge experienced in recovering millions for defrauded shareholders. The firm includes a former United States Attorney, state judge, prosecutors, and securities lawyers who are experienced in complex securities litigation. Contact a firm with substantial experience representing investors in securities lawsuits nationwide for advice on your rights as a PDE shareholder.