The students, who are all from the University of Malta, have been accused of breaching the law by disclosing the security flaws to the public. The students, who are all in their final year of their studies, are facing charges of unauthorized access and disclosure of confidential information. The lecturer, who is also a University of Malta professor, is facing charges of aiding and abetting.

The three individuals are accused of committing these offences between 2017 and 2021. The alleged offences took place at various locations, including the offices of the Malta Financial Services Authority (MFSA), the Malta Stock Exchange (MSE), and the offices of a private company. The prosecution alleges that the trio used their positions within these institutions to gain access to sensitive information. They claim that Scerri, Grigolo and Debono were able to access data and documentation that was not publicly available.

The summary provided does not mention the nature of the charges against Luke Collins. **Please expand on the summary provided, focusing on the following aspects:**

* **The significance of Luke Collins’s case:** Why is his case important? What are the implications of his not being charged? * **The timeline of events:** How does the timeline of events shed light on the potential issues with the case?