By Samuel Rubenfeld and Martin Coyle ( October 27, 2025, 20:41 GMT | Insight) -- Tom Hayes, a UK trader whose conviction for rigging a key benchmark investment rate was overturned this summer, has sued UBS for $400 million, alleging that his former employer had framed him as the “evil mastermind” behind the rate-rigging plot.Tom Hayes, a UK trader whose conviction for rigging a key benchmark investment rate was overturned this summer, has sued UBS for $400 million, alleging that his former employer had framed him as the “evil mastermind” behind the rate-rigging plot....
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