Legal
JPMorgan Agrees to Pay $290 Million to Settle Epstein Case
- Agreement in principle reached in the Jane Doe litigation
- Bank still facing related lawsuit from US Virgin Islands
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JPMorgan Chase & Co. agreed to pay $290 million to settle a lawsuit alleging it knowingly benefited from former client Jeffrey Epstein’s sex trafficking, according to a person familiar with the matter.
The “agreement in principle” would settle a proposed class action filed by an unnamed Epstein victim late last year, JPMorgan said in a statement Monday. The bank makes no admissions of liability, the person said, asking not to be identified because the matter is private.