Eric Watson’s bid to stymie insider trading charges thrown out

Eric Watson unsuccessfully tried to file a counterclaim in an insider trading case against him. (Image: File)

Wed, 02 Jul 2025

In a double whammy, beleaguered NZ businessman, Eric Watson has failed to have an insider trading charge claim against him dismissed and has had his counterclaim against the action thrown out.US regulator, the Securities and Exchange Commission is now ploughing ahead with alleged securities violations against Watson “in connection with his role as a corporate insider and controlling shareholder of Long Island Tea Corp (LTEA, since known as Long Blockchain Corp)".The insider proceedings have been stalled since November while Watson&rs...

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