![] A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo](https://www.biznob.com/wp-content/uploads/2023/04/JP_800x500.jpeg)
Jeffrey Epstein’s victims have urged a U.S. judge to preliminarily accept JPMorgan Chase’s $290 million deal to resolve charges that the largest U.S. bank ignored his sexual crimes.
In a Thursday night Manhattan federal court filing, victims’ lawyers called the proposed all-cash deal with the largest U.S. bank “fair, adequate, reasonable,” considering the risks of future litigation and JPMorgan’s denial of involvement in Epstein’s sex trafficking.
The payment covers women Epstein sexually abused or exploited from Jan. 1, 1998, until he died in a Manhattan jail cell on Aug. 10, 2019. Manhattan’s Jed Rakoff must approve it.
JPMorgan closed Epstein’s accounts in 2013.
Jane Doe 1, a former ballet dancer, said the bank missed Epstein’s abuses and kept in touch with him after his departure.
JPMorgan stated any affiliation with Epstein “was a mistake and we regret it” this month.
“We would never have continued doing business with him if we believed he was using our bank in any way to help commit heinous crimes,” the bank added.
Court records indicate that victim lawyers would want up to 30% of the payment for legal fees.
The victims’ lawyers recently settled a $75 million case with Deutsche Bank (DBKGn.DE), where Epstein was a client. Rakoff preliminary approved that deal on June 16.
After Epstein pled guilty in 2008 to soliciting a minor for prostitution and registered as a sex offender, both banks worked with him for years.
JPMorgan claimed that Jes Staley, a former private banking executive, and Epstein acquaintance, sexually abused Jane Doe 1.
From 2015 to 2021, Staley led Barclays (BARC.L).
Staley was unavailable for comment late Thursday, although he has apologized for his association with Epstein and denied knowing about his sex trafficking.
Epstein died at 66 while awaiting a sex trafficking trial. NYC’s medical examiner ruled the death a suicide.
The U.S. Virgin Islands sued JPMorgan over Epstein’s two neighboring islands.
The bank is suing Staley for his losses in that case and the class action and eight years of compensation.
Doe 1 v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, 22-10019.
![] A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo](https://www.biznob.com/wp-content/uploads/2023/04/JP_800x500-600x337.jpeg)
![] A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo](https://www.biznob.com/wp-content/uploads/2023/04/JP_800x500-100x100.jpeg)
Comment Template