Exonerated Trader Tom Hayes Sues UBS for $400 Million Over Libor Rigging
TL;DR Summary
Tom Hayes, a former trader involved in the Libor-rigging scandal, has sued UBS for over $400 million, claiming the bank falsely portrayed him as the mastermind to shield itself from legal repercussions. Hayes's conviction was overturned in 2025 due to judicial errors, and he now seeks damages for the harm to his reputation and career, alleging malicious prosecution by UBS.
- Exonerated trader Tom Hayes sues UBS for $400 million over Libor accusations Reuters
- First banker jailed over Libor interest rate rigging to sue UBS for $400m The Guardian
- City trader sues UBS for $400m after rate-rigging conviction quashed BBC
- Tom Hayes sues former employer UBS for $400mn Financial Times
- Tom Hayes Sues UBS in US for Handing Him to Prosecutors on a ‘Silver Platter’ Bloomberg.com
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