JPMorgan Chase mentioned Monday it has reached a settlement with one among late sexual predator Jeffrey Epstein’s victims, who had been suing the financial institution in federal court docket.
The financial institution’s litigation with the U.S. Virgin Islands within the Epstein matter stays, nonetheless. Its claims towards former government Jes Staley, who was pals with Epstein, are additionally energetic, the financial institution mentioned.
The announcement did not disclose the phrases of the settlement. Final month, Deutsche Financial institution, the place Epstein was grew to become a after he left JPMorgan in 2013, settled with Epstein victims for $75 million.
The sufferer and the Virgin Islands, the place Epstein owned a non-public island, each declare JPMorgan continued working with Epstein after studying he had been a predator, and facilitated his intercourse trafficking crimes. The Virgin Islands, nonetheless, are pushing ahead, pointing to a number of new reveals that includes electronic mail chains that present extra concern inside the financial institution about Epstein than was beforehand recognized, particularly amongst its authorized and compliance workers.
The announcement comes greater than per week after JPMorgan CEO Jamie Dimon gave a deposition within the Epstein instances. On Friday, legal professionals for the Epstein sufferer, referred to as Jane Doe 1 in paperwork, requested the court docket to reopen Dimon’s deposition.
The accuser’s legal professionals additionally sought to reopen the depositions of Mary Erdoes, who’s CEO of JPMorgan’s asset and wealth administration division; Mary Casey, who was Epstein’s banker for a few decade at JPMorgan; and a fourth individual, solely recognized within the submitting as JPMorgan’s “consultant.” All 4 could be requested about paperwork turned over after their preliminary depositions, in line with a submitting.
JPMorgan has denied wrongdoing and says it regrets having had Epstein as a consumer.
One of many late-produced paperwork was a timeline that referenced emails through which Staley, the one-time JPMorgan government, asks Epstein a query. (Staley left one other large financial institution, Barclays, in late 2021 after a probe into his Epstein relationship.)
“Plaintiff would have confronted JPMC’s CEO, Mr. Dimon, with this doc throughout his deposition had it been produced in a well timed method,” the submitting mentioned.
JPMorgan has mentioned Dimon didn’t evaluate Epstein’s accounts when he was a consumer there from 1998 by 2013, which is when JPMorgan severed its relationship with him.
Epstein died six years later from suicide in a New York jail, weeks after federal authorities charged him with trafficking women for intercourse.
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JPMorgan Chase and Jane Doe 1 Attain Settlement to Settle Lawsuit in Epstein Matter
NEW YORK, June 12, 2023 –The events in Jane Doe 1 v. JPMorgan Chase Financial institution, N.A. have knowledgeable the Courtroom that they’ve reached an settlement in precept to settle the putative class motion lawsuit associated to Jeffrey Epstein’s crimes, which is topic to court docket approval.
Litigation remains to be pending between the US Virgin Islands and JPMorgan Chase, as are JPMorgan Chase’s claims towards Jes Staley.
The events consider this settlement is in one of the best pursuits of all events, particularly the survivors who had been the victims of Epstein’s horrible abuse.
–CNBC’s Eamon Javers contributed to this text.
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