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Traders Appeal Rate-Rigging Convictions After Supreme Court Ruling

7/26/2025

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Summary

Story summary

Four traders—Jay Merchant, Jonathan Mathew, Philippe Moryoussef, and Christian Bittar—are fighting back against their rate-rigging convictions. Their appeal comes on the heels of the Supreme Court overturning similar charges against Tom Hayes and Carlo Palombo, igniting a fierce debate over the integrity of their trials during the tumultuous 2008 financial crisis.

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Story summary

Four traders—Jay Merchant, Jonathan Mathew, Philippe Moryoussef, and Christian Bittar—are fighting back against their rate-rigging convictions. Their appeal comes on the heels of the Supreme Court overturning similar charges against Tom Hayes and Carlo Palombo, igniting a fierce debate over the integrity of their trials during the tumultuous 2008 financial crisis.