After weeks of disclosures about its longstanding relationship with deceased sexual abuser Jeffrey Epstein, JPMorgan Chase reached a tentative settlement Monday with victims of the convicted financier, the financial institution said a statement.
According to the bank’s lead lawyer David Boies, JPMorgan Chase had agreed to pay a total of $290 million to settle a barrage of lawsuits by the alleged victims.
The proposed payout would settle a group lawsuit filed last November by an unidentified woman on behalf of more than 100 victims who claim that they were sexually abused by Epstein over a 15-year period.
In a joint statement, the bank and the alleged victims’ lawyers said that the “settlement is in the best interests of all parties, especially the survivors, who were the victims of Epstein’s terrible abuse.”
By Matthew Goldstein/NYT