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...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

The Quiz Free

QuiznessDesk, Monday, Aug 04

Think you're clever enough?

The Quizmaster 9:15am

Markets

Takeover bid is opportunistic and undervalued: THL

Tourism Holdings' board remains open to engagement with the Consortium.

Rebecca Howard 9:00am

Takeover bid is opportunistic and undervalued: THL

Primary Sector

Deal to recapitalise Alliance Group appears to be close

It started the capital raise process 18 months ago.

Riley Kennedy 8:37am

Deal to recapitalise Alliance Group appears to be close

Sponsored

A decade in, Spark’s AI journey is paying off

The telco’s use of AI offers insights for every Kiwi business.

Spark

Sponsored

Datacom at 60: NZ tech trailblazer eyes the AI future

As it turns 60, Datacom embraces a radical new direction.

Datacom

More Law & Regulation

Infrastructure

Port of Auckland becomes first fast-track winner

An expert panel has issued a draft decision approving a major infrastructure project.

Oliver Lewis 02 Aug 2025

Law & Regulation

Christchurch Casino admits to AML breaches

Christchurch Casino has admitted to a raft of anti-money laundering compliance failures and agreed to a proposed $5.06 million penalty.The Department of Internal Affairs (DIA) said on Friday that as part of the settlement, Christchurch Casino admitted all seven causes of action i...

Gregor Thompson 01 Aug 2025