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

Watson seeks $32m damages after, he says, rejecting 'insulting' settlement offer
Eric Watson now lives in Spain. (Image: Supplied)
Denise McNabb
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...

More Law & Regulation

Eric Watson’s bid to stop insider trading charges thrown out
Law & Regulation

Eric Watson’s bid to stop insider trading charges thrown out

US regulator to continue its case against Eric Watson. 

Denise McNabb 02 Jul 2025
Foodstuffs NI warned by ComCom over supplier treatment
Retail

Foodstuffs NI warned by ComCom over supplier treatment

It obstructed a supplier request, says Grocery Commissioner.

Staff reporters 02 Jul 2025
Vector faces fresh complaint on unfair contract terms
Property

Vector faces fresh complaint on unfair contract terms

Vector faces more scrutiny over contract terms after Commerce Commission advice.

Garth Bray 02 Jul 2025