Lawyers evaporated from Watson’s orbit in protracted US insider case

Eric Watson. (Image: Getty)

Wed, 16 Oct 2024

The US Securities and Exchange Commission is not having a bar of Eric Watson’s bid to have an insider trading complaint against him turfed out of court because he claimed it did not serve him properly, alongside other accusations.Nor does the Securities and Exchange Commission (SEC) intend to accept a counterclaim he lodged and then updated, seeking US$20 million (NZ$32.8m) in damages and a public apology from the US market regulator over claims it contacted New Zealand media and made defamatory and damaging remarks about him.In its...

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