JPMorgan Chase has reached a settlement in a class action lawsuit with victims of financier Jeffrey Epstein.
Epstein was arrested in 2019 on federal charges accusing him of paying underage girls hundreds of dollars in cash for massages and then molesting them at his homes in Florida and New York. He was found dead in jail on Aug. 10 of that year, at age 66. A medical examiner ruled his death a suicide.
Litigation is still pending between the U.S. Virgin Islands and JPMorgan Chase, as well as JPMorgan Chase's claims against former executive, Jes Staley. Both lawsuits were filed after New York state in November enacted a temporary law letting adult victims of sexual abuse to sue others for the abuse they suffered, even if the abuse occurred long ago.
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