Hayes Poised to Challenge 14-Year Libor Sentence, Conviction

  • Expedited appeal may have wider implications for Libor trials
  • Hayes found guilty of manipulating Libor by jury in August
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Tom Hayes, the former UBS Group AG trader given a 14 year-prison term for manipulating Libor, returns to court this week to try to persuade the U.K.’s top judge to overturn one of the longest sentences ever issued in Britain for a white-collar crime.

The 36-year-old Hayes’s appeal will take place at a two-day hearing starting Tuesday in London. While Hayes is challenging both the August conviction and sentence, the prison term might get more attention from the court.