US legislation bars Eric Watson claiming $16.7m for reputational damage

US legislation bars Eric Watson claiming $16.7m for reputational damage
Eric Watson. (Image: Getty)
Denise McNabb
Eric Watson may need to hire a lawyer after the US Securities and Exchange Commission revealed its legislation this week prohibiting the New Zealander from making a counterclaim for damages concerning its charges against him of insider trading/tipping.The beleaguered former high-flier lodged a counterclaim with the US District Court for the Southern District of New York last month, seeking US$10 million (NZ$16.7m) as compensation for alleged “significant reputation damage and financial losses” incurred as a result of the US Securiti...

More Law & Regulation

Director ‘vindicated’ after Drylandcarbon High Court ruling
Law & Regulation

Director ‘vindicated’ after Drylandcarbon High Court ruling

Anthony Beverley said he felt “fantastic satisfaction” after reading the judgment.

New rules with legal teeth proposed for gentailers
Markets

New rules with legal teeth proposed for gentailers

Non-discrimination rules proposed for gentailers.

Solicitor-General Una Jagose to step down
Law & Regulation

Solicitor-General Una Jagose to step down

Solicitor-General Una Jagose KC has announced her decision to step down from her role in February, after serving for a decade.Attorney-General Judith Collins expressed gratitude for Jagose's long and valued service, highlighting her previous career in the public service.The s...

BD AI 14 Oct 2025