Former trader replaces lawyer before plea hearing

A London trader has changed his legal advisers ahead of a court hearing over alleged manipulation of yen Libor rates.
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A trader charged in London over allegedly manipulating yen Libor rates has chosen to switch lawyers before his 21 Oct  plea hearing. The former UBS AB and Citigroup Inc trader Tom Hayes  has replaced Fulcrum Chambers with UK law firm Garstangs Burrows Bussin, according to Bloomberg’s report. Hayes and two former brokers are charged with allegedly conspiring with employees of JP Morgan Chase & Co, Royal Bank of Scotland Group Plc, HSBC Holdings Plc, Rabobank Groep, Deutsche Bank AG, Tullett Prebon  Plc, ICAP Plc and RP Martin Holdings Ltd over a four-year period.

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