Watson action pushes out US insider trading case

Eric Watson now lives on the Spanish island of Ibiza. (Image: NZME)

Tue, 06 Aug 2024

Insider trading charges lodged against embattled New Zealand businessman Eric Watson in the US courts look unlikely to be heard this year, with his last-minute lodgement of counterclaims against the Securities and Exchange Commission (SEC) causing a lengthy procedures timetable.The case, initially set for April 1 this year, was delayed when the SEC failed to find Watson. However, he popped up with a counterclaim against the US regulator just as it was preparing a default judgment against him in June.As a result of his counterclaims, includ...

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