June 23, 2023
Victims of Jeffrey Epstein have asked a federal judge to approve a $290 Million settlement agreement from JPMorgan Chase. They accused the company of benefiting from Epstein and turning a blind eye to his abuses.
In a federal court filing in Manhattan on Thursday, lawyers said the proposed settlement was “fair, adequate, reasonable” and in the best interests of the victims. The number of women is not specified, but the settlement involves women who were either sexually abused or trafficked by Epstein from 1998 to 2019. Epstein was a JPMorgan client from 1998 to 2013.
The settlement is the result of a multi-year investigation which initially kicked off in 2021. The Lead Plaintiff’s counsel filed an individual and class action complaint in November 2022, which was later amended in January 2023.
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