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Jul 26, 2024 · Watson alleged the SEC’s inability to find him to serve documents amounted to negligence and improper conduct, earlier attempts to serve him were for an address he had never resided at, and they had failed to attempt email or telephone contact.
Feb 7, 2023 · The liquidators of Eric Watson's Cullen Group will seek the expat businessman's bankruptcy if he fails to pay the $57 million legal claim entered against him. This morning, Justice Neil Campbell entered summary judgement against Watson for $57,463,306.61, plus interest and costs.
Jul 26, 2024 · Three years after an insider trading claim was filed against him by the Securities and Exchange Commission, Eric Watson has written to the US court seeking dismissal of the case and US$10 million ($16.9m) compensation for its alleged damage to his reputation.
- The Case
- The Judgment on Costs
- Related Posts on Indemnity Costs
The claimant sought permission to continue a derivative claim against for individual defendants and a limited company. The judge dismissed the claimant’s application and then considered the issue of liability for costs.
Having delivered my substantive extemporary judgment I now inevitably have to deal with the issue of costs.I record that there has been no application for permission to appeal from Mr Bridge. Naturally he wishes to consider his position; but he is aware that it is open to him, without having asked me fo...So all I have to address now is the issue of costs. The normal rule is that costs follow the event, although the court may make a different order. One of the matters that has to be considered is th...Secondly, he makes the point that he did have the support of some other minor shareholders. It was not he alone who supported the continuation of a derivative claim.The court has found that he was...Oct 28, 2023 · Eric Watson’s cat-and-mouse game with the US Securities and Exchange Commission has edged further towards conclusion — and default judgment — as the last of the controversial New Zealand’s businessman’s co-defendants settled claims that they engaged in insider trading.
Eric Watson, seen here on Instagram in Ibiza from where he has been drafting emails to US courts contesting insider trading complaints, is seeking US$10m in damages from the Securities and ...
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