2nd Circuit Rejects Ex-Xerox Exec’s Challenge To Gag Order

Former Xerox executive Barry Romeril can’t ditch his agreement not to deny accounting fraud allegations as part of a settlement with the U.S. Securities and Exchange Commission, the 2nd U.S. Circuit Court of Appeals ruled on Monday. U.S. Circuit Court Judge Denny Chin wrote for the three-judge panel that Romeril waived his right to publicly deny the allegations when he agreed to the settlement in 2003. The panel rejected his argument that the agreement violated his right to free speech.

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