Jes Staley's lawyers say he had no decision-making authority over Epstein's accounts and was not alleged to have seen any of the suspicious account activity...
NEW YORK — A federal judge said Wednesday that he won’t block JPMorgan’s legal efforts to blame a former executive of hiding Jeffrey Epstein’s decades-long sex abuse to keep the financier as a client.
Judge Jed Rakoff in Manhattan denied requests by lawyers for the executive, Jes Staley, to toss out claims the bank made against Staley after it was sued last year by the U.S. Virgin Islands, where Epstein maintained a residence, and a woman who identified herself as one of Epstein’s victims.Staley’s lawyers had asked in court papers for dismissal of JPMorgan’s claims, saying the bank was using Staley as a “public relations shield” by asserting claims with no legal basis.
Staley, who worked at JPMorgan JPM from 1979 until January 2013, reported to Jamie Dimon, the bank’s president and chairman, after he became chief executive officer for JPMorgan’s Corporate and Investment Banking division in 2009, his lawyers said. Dimon is scheduled to be deposed this week in the Epstein-related litigation.
JPMorgan, in opposing Staley’s request to be dismissed from the litigation, has called the lawsuits “misguided” for targeting the bank.
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