JPMorgan to pay $290M to settle Jeffrey Epstein class action
By 
Kyle Brasseur2023-06-12T16:38:00
JPMorgan Chase announced Monday it reached an agreement in principle to settle claims made in a class-action lawsuit regarding the bank’s ties to convicted sex offender Jeffrey Epstein.
Terms of the agreement were not disclosed, though David Boies, one of the victims’ attorneys, confirmed the bank agreed to pay $290 million as part of the settlement. Under the agreement, which must be approved by the court, JPMorgan did not admit liability.
“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,” said JPMorgan and the legal representatives of the female victims in a joint statement.
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