Sir Douglas Graham and his fellow Lombard directors have lost a "completely misconceived" bid to recall a Supreme Court decision over their convictions.
Graham, former Justice Minister Bill Jeffries, former PR man for the Queen Lawrie Bryant, and Lombard director Michael Reeves were convicted of making untrue statements in company offer documents before the firm's failure.
Their convictions were upheld by the Court of Appeal, and the Supreme Court in 2013 refused leave to challenge them.
But the Lombard four continued their fight and applied to recall that Supreme Court decision. That bid was dismissed this afternoon.
The recall application was based on a claim that the Supreme Court would have taken the case if it had known the convictions were founded on evidence which had not been formally proved.