US EditionBank of America agrees to pay $72.5 million to settle Epstein accusers' lawsuit
Bank of America will pay $72.5 million without admitting wrongdoing to settle claims it facilitated Jeffrey Epstein’s sex trafficking, pending judge approval in Manhattan federal court.
- On Friday, Bank of America agreed to pay $72.5 million to settle a civil lawsuit brought by women who accused the institution of facilitating sexual abuse by Jeffrey Epstein, court records showed.
- Jane Doe, the plaintiff using a pseudonym, alleged the bank ignored suspicious financial transactions despite a "plethora" of information about Epstein's crimes, prioritizing profit over victim protection.
- Attorneys David Boies and Bradley Edwards called the settlement the "best option for their clients" given many suffered harm years ago, while counsel may seek up to 30% of the settlement, or about $21.8 million, for legal fees.
- A Bank of America spokesperson stated the bank denies facilitating "sex trafficking crimes," yet the settlement allows the institution to provide closure for plaintiffs pending U.S. District Judge Jed Rakoff's approval at a Thursday hearing.
- Epstein's associates faced prior settlements of $290 million with JPMorgan Chase and $75 million with Deutsche Bank, while Apollo Global Management co-founder Leon Black paid $158 million for tax planning related to Epstein.
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56 Articles
The victims of Jeffrey Epstein have accused the Bank of America of favoring the crimes, and the Bank of America now wants to settle the lawsuit with a million-dollar payment.
The American bank was accused, in a collective civil proceeding brought by victims of Jeffrey Epstein, of having facilitated "sexual trafficking." It denied any breach, but found a financial agreement with the complainantsBank of America agreed to pay $72.5 million to close a collective civil proceeding in which the institution was accused of having facilitated "sexual trafficking" of the criminal Jeffrey Epstein, according to court documents co…
The Bank of America wants to settle a class action by victims of Jeffrey Epstein's sexual offender against a payment of 72.5 million dollars.
In the Epstein case, Bank of America rules $72.5 million with victims, denying any breach. ...
Bank of America is paying $72.5 million (approximately €63 million) to settle a lawsuit filed against the bank by a group of victims of Jeffrey Epstein. The women allege that the bank facilitated the sex trafficking of the deceased sex offender. They claim the bank ignored suspicious transactions surrounding Epstein for years, despite the "abundance" of signs of his crimes. This allegedly involves money flows to and from people in Epstein's netw…
Bank of America agreed to pay $72.5 million to resolve a class action lawsuit filed on behalf of hundreds of victims of pederast financier Jeffrey Epstein. The agreement, announced Friday in a Manhattan federal court, still requires judicial approval.Read more
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