Eric Watson: $57.4m claim 'will be paid in full'

Eric Watson. (Image: NZME)

Tue, 14 Feb 2023

Agents acting for Eric Watson attempted to make a last-minute lowball offer to settle a $57.4 million claim against him, court documents reveal.Last Tuesday, in the high court at Auckland, Justice Neil Campbell accepted Cullen Investments’ liquidators’ summary judgment for more than $57.4m against the expat businessman who is believed to be in London.The money Watson owed Cullen Investments was a result of related-party advances over several years. It came after KPMG took control of Watson’s Cullen Investments in December...

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