CCRC refers three more Hickman & Rose LIBOR / EURIBOR clients to the Court of Appeal

The Criminal Cases Review Commission has referred the LIBOR and EURIBOR related convictions of five individuals, of whom three are Hickman & Rose clients, to the Court of Appeal.

Jay Merchant, Jonathan Mathew, and Philippe Moryoussef – together with Alex Pabon and Colin Bermingham, who are separately represented – will see their cases reconsidered in the light of the Supreme Court’s recent acquittal of Carlo Palombo and Tom Hayes.

The SFO, which originally brought the prosecutions, has already publicly conceded that the convictions are unsafe.

If the five referred convictions are quashed it will bring the total number of acknowledged victims of LIBOR / EURIBOR related miscarriages of justice to seven.

As well as representing Jay Merchant, Jon Mathew and Philippe Moryoussef in their appeals, Hickman & Rose’s Ben Rose, Tom Bushnell and Nisha Patel previously represented Carlo Palombo in his successful Supreme Court appeal.

Speaking after the CCRC’s annoucement today, Ben Rose, said: “While not yet the acquittal they all deserve, the referral from the CCRC is a vital step in these individuals’ long journey to justice.

“Just as with my client Carlo Palombo, these men’s lives were turned upside down by their prosecutions and convictions for fraud.

“They have always argued that the case against them was fundamentally unfair and flawed.

“The Supreme Court’s ruling in the separate but related cases of Carlo Palombo and Tom Hayes, plus the SFO’s subsequent concession that their cases are unsafe, demonstrate they were right.

“I very much hope the Court of Appeal will act swiftly to quash these unjustified convictions.”

Counsel for Jay Merchant, Jon Mathew, Philippe Moryoussef are Katherine Hardcastle of Fountain Court Chambers and Tim James-Matthews of Matrix Chambers.

Read more on the CCRC website; Reuters; Law 360.