Other suits in the Epstein matter remain open, however, including the U.S. Virgin Islands‘ suit and a case against former executive Jes Staley.
JPMorgan Chase said Monday it has reached a settlement with one of late sexual predator Jeffrey Epstein’s victims, who had been suing the bank in federal court.
„The parties in Jane Doe 1 v. JPMorgan Chase Bank, N.A. have informed the Court that they have reached an agreement in principle to settle the putative class action lawsuit related to Jeffrey Epstein’s crimes, which is subject to court approval,“ the bank said in a news release.
„The parties believe this settlement is in the best interests of all parties, especially the survivors who were the victims of Epstein’s terrible abuse,“ JPMorgan added. The judge in the case hadn’t yet ruled whether the case should have class action status.
The bank’s litigation with the U.S. Virgin Islands in the Epstein matter remains, however. Its claims against former executive Jes Staley, who was friends with Epstein, are also active, the bank said.
The announcement didn’t disclose the terms of the settlement. Last month, Deutsche Bank, where Epstein became a client after he was forced out by JPMorgan in 2013, settled with Epstein victims for $75 million.
The victim and the Virgin Islands, where Epstein owned a private island where he would sexually abuse girls, both claim JPMorgan continued working with Epstein after learning he had been a predator, and facilitated his sex trafficking crimes.
