International

JP Morgan Agrees To $290 Million Settlement With Epstein Victims

After weeks of revelations regarding its relationship with Jeffrey Epstein, JPMorgan Chase has reached a preliminary settlement with victims of the deceased financier’s sexual abuse.

In a joint statement, the bank and lawyers for the victims confirmed the tentative agreement. David Boies, one of the lead attorneys representing the victims, stated that JPMorgan Chase is prepared to pay $290 million to resolve the lawsuit. Initially, the settlement amount was not disclosed in the joint statement, but it is expected to be included in a court filing within the coming week.

The lawsuit, filed in November 2020 in Manhattan federal court, was brought by an anonymous woman on behalf of victims who suffered sexual abuse by Epstein over a period of approximately 15 years when they were teenagers and young women. The suit indicated that the number of victims could exceed 100. Epstein died by suicide in a Manhattan jail cell in August 2019, a month after his arrest.

According to the lawsuit filed by the victims, JPMorgan Chase allegedly disregarded multiple warnings about Jeffrey Epstein’s sex trafficking of underage girls and young women, even after he had registered as a sex offender and pleaded guilty to soliciting prostitution from a teenage girl in a 2008 case in Florida. The complaint stated that the bank overlooked suspicious activities related to Epstein because it considered him a valuable client who had connections with numerous wealthy individuals.

JPMorgan Chase had been providing banking services to Epstein from approximately 1998 to 2013.

Meera Verma

Recent Posts

Centre Opposes Ex-Judges Panel To Monitor Stubble Burning In SC

The Centre on Friday opposed a proposal in the Supreme Court to form a committee…

8 hours ago

“It’s A Celebration For Us”: Delhi HC Bar Association Felicitates CJI Sanjiv Khanna

The Delhi High Court Bar Association on Friday honored Chief Justice of India Justice Sanjiv…

8 hours ago

International Criminal Court Issues Arrest Warrant For Israeli PM Netanyahu

The International Criminal Court has recently issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu,…

9 hours ago

Cal HC Stays Demolition Of Illegal Constructions In WB’s Mandarmoni

The Calcutta High Court on Friday granted an interim stay on the demolition of alleged…

9 hours ago

SC To Pass Order On Pleas To Efface Words ‘Secular’, ‘Socialist’ From Preamble

The Supreme Court on Friday announced that it would deliver its order on November 25…

10 hours ago

Air Pollution: SC Questions Delhi Govt On Truck Entry Amid GRAP-4 Restrictions

The Supreme Court raised concerns on Friday about the "drastic" consequences of the GRAP Stage…

10 hours ago