2nd Circ. Denies Ex-Xerox Exec's Bid To Toss SEC Gag Order
September 27, 2021
The Second Circuit said in a published opinion Monday that it could find no legal error or due process violation in an 18-year-old gag order from a former Xerox executive’s settlement with the U.S. Securities and Exchange Commission. An appellate panel denied former Xerox Chief Financial Officer Barry D. Romeril’s motion to invalidate the provision of an SEC settlement that barred him from publicly denying allegations that he and other top Xerox executives manipulated the company’s earnings reports between 1997 and 2000.