Watson seeks $32m damages after, he says, rejecting 'insulting' settlement offer

Eric Watson now lives in Spain. (Image: Supplied)

Mon, 23 Sep 2024

New Zealand businessman Eric Watson has doubled his initial claim for reputational harm and damages to US$20 million (NZ$32.07m) in his latest retort against the US Securities and Exchange Commission’s insider-trading charges against him.After he filed a revised counterclaim with the Southern District of New York court on Sept 10, the SEC reiterated to the presiding judge, Judge Andrew L Carter Jr, that it intended to file a motion on Oct 11 to dismiss the counterclaim.Revised claimWatson’s counterclaim has been more detailed since...

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