JPMorgan Chase agreed to pay about $290 million to settle a class action lawsuit by victims of Jeffrey Epstein, a person familiar with the matter said, resolving a large part of litigation over the bank's relationship with the disgraced financier.
agreed to pay about $290 million to settle a class action lawsuit by victims of Jeffrey Epstein, a person familiar with the matter said, resolving a large part of litigation over the bank's relationship with the disgraced financier.
"Any association with him was a mistake and we regret it," JPMorgan said. "We would never have continued to do business with him if we believed he was using our bank in any way to help commit heinous crimes." JPMorgan kept Epstein as a client of the bank from 1998 until he was dropped in 2013 even after his 2006 arrest on prostitution-related charges and a related guilty plea two years later., who it accuses of concealing what he knew about Epstein, is continuing.
"The settlements signal that financial institutions have an important role to play in spotting and shutting down sex trafficking," Sigrid McCawley, a lawyer for the woman known as Jane Doe 1 who sued JPMorgan, said in a statement. Dimon testified under oath in May that he had barely heard of Epstein until his July 2019 arrest, and did not recall discussing Epstein's accounts with other bank officials, including those authorized to terminate Epstein as a client.asked Staley
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lawyer for Jeffrey Epstein accuser wants to question JPMorgan Chase CEO Jamie Dimon againLawyers for a Jeffrey Epstein accuser want a second chance at deposing JPMorgan Chase CEO Jamie Dimon, arguing the bank took too long to turn over documents.
Read more »
JPMorgan Chase Agrees to Settle Jeffrey Epstein Accusers’ SuitThe company said it had agreed to settle a lawsuit alleging the financial institution facilitated Jeffrey Epstein’s sex-trafficking operation.
Read more »
JPMorgan Chase reaches legal settlement with victims of Jeffrey EpsteinPMorgan Chase & Co. on Monday said it reached a settlement in the lawsuit, Jane Doe 1 v. JPMorgan Chase. The lawsuit was filed in the Southern District of...
Read more »
JPMorgan Chase reaches settlement with Jeffrey Epstein victim'This settlement is in the best interests of all parties, especially the survivors who were the victims of Epstein’s terrible abuse,” JPMorgan Chase said in a statement Monday morning.
Read more »
JPMorgan Chase Epstein settlement reached with victims of financierJPMorgan Chase has reached a settlement in a class action lawsuit with victims of financier Jeffrey Epstein.
Read more »