Watson belatedly fronts for US insider trading charges

Watson belatedly fronts for US insider trading charges
Eric Watson is still believed to be in Europe. (Image: NZME)
Denise McNabb
Beleaguered New Zealand businessman, Eric Watson, has accused the US Securities and Exchange Commission of procedural misconduct and improper and non-compliant service in an insider trading complaint against him.In a letter to the US courts last week – his first direct contact since the claim was filed – he outlined four grounds for setting aside a default declaration for his no-shows to date. He is defending himself after lawyers acting on his behalf had been unsuccessful in resolving the claims.The US Securities and Exchange...

More Law & Regulation

Commercial heavyweights become KCs in bumper round
Law & Regulation

Commercial heavyweights become KCs in bumper round

Last year, only Attorney-General Judith Collins was appointed a King's Counsel. 

Victoria Young 27 Jun 2024
Megaupload execs banned from being company directors until 2028
Law & Regulation

Megaupload execs banned from being company directors until 2028

Former Megaupload executives Mathias Ortmann and Bram van der Kolk have been prohibited from managing or directing any companies for five years, the Ministry of Business, Innovation and Employment (MBIE) says.In June 2022, Ortmann and van der Kolk broke with Megaupload founder Ki...

Staff reporters 21 Jun 2024
ComCom extends decision on Foodstuffs merger ... again
Retail

ComCom extends decision on Foodstuffs merger ... again

ComCom said it will issue a 'statement of unresolved issues'.

Gregor Thompson 21 Jun 2024