Court approves Bank of America's $72.5 million settlement with Epstein accusers
The judge said the deal gives victims substantial compensation after rejecting objections that it was too broad.
- On Thursday, Manhattan Federal Court Judge Jed Rakoff approved a $72.5 million class-action settlement between Bank of America and women who accused the institution of facilitating sexual abuse by Jeffrey Epstein.
- A lawsuit filed in October 2025 alleged the bank ignored 'a plethora' of evidence regarding Epstein's abuse while showing 'absolute loyalty' to him, failing to report suspicious transactions until after his 2019 death.
- Approximately 60 women are slated to receive payouts from the agreement, which follows similar settlements of $290 million with JPMorgan Chase and $75 million with Deutsche Bank in 2023 that included no admission of wrongdoing.
- Rakoff described the settlement as providing many victims with 'substantial' compensation and 'justice, even if partial,' while rejecting arguments that the deal was overbroad or failed to account for claims distinct from lead plaintiff Jane Doe.
- This resolution concludes the class-action litigation against the bank, while regulators continue examining financial institutions' oversight of clients like Epstein, whose activities allegedly involved over $170 million in transactions flagged by the Senate Finance Committee.
34 Articles
34 Articles
Judge approves $73.5 million settlement between Epstein victims, Bank of America
A federal judge in Manhattan on Thursday approved a $72.5 million class-action settlement reached between victims of Jeffrey Epstein and Bank of America. The post Judge approves $73.5 million settlement between Epstein victims, Bank of America appeared first on West Hawaii Today.
Hawaii Tribune-Herald
Court approves Bank of America’s $72.5 million settlement with Epstein accusers
NEW YORK — A federal judge said on Thursday he would grant final approval to Bank of America’s $72.5 million class-action settlement with women who accused the second-largest U.S. bank of facilitating their sexual abuse by the late financier Jeffrey Epstein. The post Court approves Bank of America’s $72.5 million settlement with Epstein accusers appeared first on Hawaii Tribune-Herald.
A New York court has approved Bank of America's financial settlement to sue victims of Epstein's actionWomen affected by Jeffrey Epstein will receive $72.5 million under a settlement agreement with Bank of America. The court rejected the objections three plaintiffs.
Judge to consider final approval of Bank of America’s $72 million settlement with Epstein accusers - Regional Media News
(NEW YORK) - A federal judge in New York will consider granting final approval Thursday to Bank of America's $72 million settlement with women who accused the bank of helping Jeffrey Epstein sexually abuse them. The women, suing collectively under the pseudonym Jane Doe, accused Bank of America of ignoring suspicious transactions by Epstein, who died by suicide in 2019 while awaiting trial. Bank America agreed to settle the lawsuit in March whil…
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
