Court Upholds SEC ‘Gag Rule’ for Executives Who Settle

Court Upholds SEC ‘Gag Rule’ for Executives Who Settle

...In a statement, the New Civil Liberties Alliance said it would continue to challenge the SEC’s restriction on future challenges. “NCLA is committed to end this anomalous practice that dangerously insulates SEC from criticism by those in the best position to point...

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

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...

2nd Circ. Denies Ex-Xerox Exec’s Bid To Toss SEC Gag Order

2nd Circ. Denies Ex-Xerox Exec’s Bid To Toss SEC Gag Order

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...