ex-Citi / UBS trader switches law firms weeks before Libor case


Former trader Tom Hayes, who is facing criminal charges for the alleged manipulation of Libor interest rates, has changed law firms weeks before he is due back in a London court.

Reuters reports that Hayes, a former trader at Citigroup and UBS, has switched to British law firm Garstangs Burrows Bussin from Fulcrum Chambers, Lydia Jonson, his former lawyer at Fulcrum, said in an email. Garstangs Burrows Bussin did not immediately respond to a request for comment.

Hayes, 33, is expected to indicate how he intends to plea to eight counts of conspiracy to defraud at the London court hearing, which is scheduled for 21st October.

Hayes, who has also been charged by the U.S. Department for Justice, and two former RP Martin brokers are the first individuals to be brought to court over a scandal that has become a symbol for the financial industry's self-serving excesses.

To access the complete Reuters article hit the link below

Former trader Hayes changes law firm ahead of Libor hearing

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