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“Long Island Iced Tea” insider trading case survives dismissal motion

Long Island Iced Tea Cocktail
Photo: Getty Images

Alexander Barzacanos

2 min read
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Defendant Eric J Watson argued that service of process was insufficient and brought counterclaims seeking damages against the SEC.

The SEC has defeated a dismissal motion and denied a counterclaim filed by defendant Eric J Watson in an insider trading case involving a soft drinks manufacturer that rebranded itself as blockchain technology company, causing its stock to briefly surge.

From iced tea to BTC

The Long Island Iced Tea

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