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Hayes’ ‘unfair’ Libor-rigging conviction overturned by UK’s highest court

By Phoebe Seers ( July 23, 2025, 08:50 GMT | Insight) -- UK trader Tom Hayes’ decade-long battle to clear his name has ended in victory after the UK’s highest court today overturned his 2015 conviction for rigging a key benchmark rate. Handing down its judgment following a three-day hearing in March, the Supreme Court ruled that Hayes' original trial was "unfair" and that his conviction must be quashed. The ruling marks a major blow for the UK’s Serious Fraud Office which prosecuted Hayes, and opens the door for all nine of its rate-rigging convictions to be overturned.UK trader Tom Hayes’ decade-long battle to clear his name has ended in victory today after the UK’s highest court overturned his 2015 conviction for rigging a key benchmark rate....

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