Ex-trader files $400M lawsuit against UBS over Libor manipulation scandal

Tom Hayes, the former British trader jailed over the Libor interest rate scandal, has filed a $400 million lawsuit against UBS, alleging "malicious prosecution and corporate scapegoating" by his former employer, according to court documents seen by FOX Business.Hayes’ complaint was lodged Monday in a Connecticut Superior Court and appears to accuse the Swiss banking giant of deliberately framing him as the mastermind of the scandal to shield senior executives and reduce multibillion-dollar regulatory penalties.Hayes alleges that UBS "intentionally directed the destruction of an innocent man’s