The bank, which accused the former Barclays CEO of sexual assault, is demanding he repay years’ worth of compensation.
JPMorgan Chase is suing its former executive Jes Staley, alleging that he aided in hiding Jeffrey Epstein’s yearslong sex abuse and trafficking in order to keep the financier as a client. The lawsuit also accuses Staley of sexually assaulting a woman under Epstein’s auspices.
The New York bank seeks to hold Staley personally liable for any financial penalties that JPMorgan may have to pay in two related cases. It is also seeking to force Staley to repay his compensation during an 8-year period he was employed by the bank and was allegedly was aware of the abuse and «personally observed» Epstein’s behavior on multiple occasions.
Staley departed JPMorgan in 2013 to become CEO of London-based bank Barclays, a role he resigned from last year following a report by British regulators into his past links with Epstein.
