All articles tagged with #tom hayes
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.
Tom Hayes, a trader whose conviction for interest rate rigging was overturned, is suing UBS for $400 million, claiming the bank falsely implicated him to cover up its misconduct and protect its executives, following a decade-long legal battle and the UK Supreme Court's ruling that his original conviction was unfair.
Tom Hayes, a former trader convicted and later acquitted of Libor rigging, has filed a $400 million lawsuit against UBS, alleging the bank maliciously framed him and misled prosecutors to shield its senior management, seeking damages for the destruction of his career and reputation.
Tom Hayes is suing his former employer UBS for $400 million, though the article primarily discusses subscription offers for Financial Times and does not provide further details on the lawsuit.
The article discusses the review of chat transcripts related to Tom Hayes following his exoneration, highlighting ongoing interest in his case and its implications for financial crime investigations.
Two former City traders, Tom Hayes and Carlo Palombo, had their convictions for rate-rigging overturned by the UK's Supreme Court, which ruled their trials were unfair, highlighting issues in the prosecution of financial crimes and raising questions about industry practices and justice system reforms.
The UK Supreme Court unanimously overturned the conviction of former trader Tom Hayes for Libor interest rate rigging, citing unfair trial procedures and the right to a fair defense, after Hayes served five and a half years of an initial 14-year sentence.
Tom Hayes, a former trader, has lost his appeal against his conviction for rigging the London Interbank Offered Rate (Libor). The Financial Times reported that the Court of Appeal upheld his conviction, stating that there was overwhelming evidence of his involvement in the manipulation of Libor. Hayes, who was the first person to be convicted for manipulating Libor, had argued that his actions were common practice in the industry.