Tom Hayes wins long battle against LIBOR-rigging conviction

The Supreme Court has unanimously quashed the benchmark-manipulation convictions of Tom Hayes and Carlo Palombo because instructions to the trial juries meant that their defences could not be considered fairly.

By Esther Martin, editor. Photo by Sian Harrison (used with permission).

A response from the Serious Fraud Office, which prosecuted the cases, stated: "We have considered this judgment and the full circumstances carefully and determined it would not be in the public interest for us to seek a retrial."