Overview

• Prosecutors said convictions for Jonathan Mathew, Jay Merchant, Alex Pabon, Philippe Moryoussef and Colin Bermingham may be unsafe in light of the judgment.
• The SFO maintained that Peter Johnson’s conviction, entered by guilty plea, remains safe after its review.
• The move follows the Supreme Court’s decision last month to quash Tom Hayes’s and Carlo Palombo’s convictions, finding juries were misdirected on the subjective nature of LIBOR and EURIBOR submissions.
• The SFO said it has a duty to inform past defendants, who must decide whether to seek referrals via the Criminal Cases Review Commission or fresh appeals to the Court of Appeal.
• Hayes criticized the SFO for taking a decade to acknowledge failures, while lawyers said the agency is still considering its position on former Deutsche Bank trader Christian Bittar.