Tom Hayes files lawsuit against UBS for $400 million, claims he is being unfairly blamed in Libor scandal
Tom Hayes, a former British trader, has initiated a $400 million lawsuit against UBS, claiming “malicious prosecution and corporate scapegoating.” This legal action was filed in Connecticut Superior Court and is rooted in the LIBOR interest rate scandal. According to the lawsuit, Hayes accuses UBS of framing him as the chief orchestrator of the scandal […]