JPMorgan Settles With Epstein’s Victims in Class Action Lawsuit

JPMorgan Chase has reached a settlement with some of Jeffrey Epstein’s victims, according to The New York Times. The bank settled with the plaintiffs after their lawyers pushed for a new deposition of CEO Jamie Dimon. The settlement comes after JPMorgan also agreed to settle a class-action lawsuit brought by Epstein accusers, as reported by the Financial Times.

However, Bloomberg reports that JPMorgan is still caught in the crossfire of the feud between Epstein’s survivors, with one of them alleging that the bank had a role in enabling Epstein’s abuse. Furthermore, The Wall Street Journal states that the settlement only resolves claims against JPMorgan and not against individuals at the bank.

The settlement amount has not been disclosed, but it is expected to be a significant number given the severity of Epstein’s crimes and the number of victims who have come forward. JPMorgan has faced intense scrutiny over its relationship with Epstein, with reports that the bank continued to do business with him even after he was convicted of sex crimes in 2008.

The bank has apologized for its ties to Epstein and implemented measures to improve its anti-money laundering and anti-human trafficking policies. However, the latest settlement shows that the fallout from its association with Epstein is far from over.