A New York federal judge has just dismissed his latest attempt to throw out insider-trading charges filed by the US Securities and Exchange Commission—as well as his accompanying counterclaim. The decision came this week, marking a double defeat for Watson, but he’s already digging in his heels.
Because this was a pre-answer motion the court has now given him 21 days to file a formal answer to the SEC’s original complaint.
Because of the denial of Watson’s bid to quash the SEC insider-trading claim and his counterclaimthe way is now clear for the SEC to proceed with their case against him.
