23 June 2006 - The retrial of the two brothers begins in the Damilola Taylor case. The two brothers, then over 18, were named as Danny and Ricky Preddie, of Peckham, south London. Both defendants were very well known to police, being involved in multiple robberies.

On 9 August 2006, Ricky Gavin Preddie (born 1987, Lambeth, London) and Danny Charles Preddie (born 1988, Lambeth), after a 33-day retrial, were convicted of the manslaughter of Damilola Taylor.

During the retrial it was noted that, while the police did follow procedure collecting evidence, lapses occurred in the prosecution.

On 9 October 2006, an Old Bailey judge sentenced the Preddie brothers to eight years in youth custody for manslaughter.

Although it was widely reported in the media that Taylor's parents were unhappy that the sentences had not been longer, the judge, Mr Justice Goldring, went to some lengths to explain the factors he was forced to take into account. These included the age of the offenders at the time (12 and 13), and that there was no evidence to suggest that there had been a plan to kill Taylor. In addition, the weapon used had not been carried to the scene of the crime, but was found lying on the ground.

Both brothers were set to be paroled in 2010 after serving half of their sentence. Ricky was released on 8 September 2010, subject to probation supervision, and subject to recall to custody if he breached the conditions or if his behaviour indicated that it was no longer safe to allow him to remain in the community. Ricky was reported in 2010 to have told his mother he was deeply sorry for killing Damilola. Danny was released in 2011. Ricky was recalled on 13 March 2011 because he was seen in Peckham, and associating with gang members, both contrary to his parole conditions. He was released again on 25 January 2012. However, he was again recalled to prison in February 2012 after a stolen motorbike was discovered at his bail hostel, breaching the terms of release.