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Pride International, Inc. investor files lawsuit in effort to block merger with Ensco plc

  • If you purchased shares of Pride International, Inc. (NYSE:PDE) prior to the announcement and continue to hold those PDE shares, you may have certain options. Please contact the Shareholders Foundation, Inc.

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Lawsuit Overview

February 10, 2011 - An investor in Pride International, Inc. filed a lawsuit against Pride's directors in an effort to block the merger between Pride Intl. with Ensco plc at an alleged unfair price. According to the class action complaint the plaintiff alleges that Pride Intl's directors breached their fiduciary duty to shareholders by agreeing to a low share price and a restrictive m...



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