JPMorgan Chase explained Monday it has attained a settlement with one particular of late sexual predator Jeffrey Epstein’s victims, who had been suing the financial institution in federal courtroom.
The bank’s litigation with the U.S. Virgin Islands in the Epstein make a difference remains, even so. Its statements from previous executive Jes Staley, who was friends with Epstein, are also energetic, the bank stated.
The announcement failed to disclose the phrases of the settlement. Past thirty day period, Deutsche Financial institution, wherever Epstein was turned a soon after he still left JPMorgan in 2013, settled with Epstein victims for $75 million.
The target and the Virgin Islands, wherever Epstein owned a private island, each declare JPMorgan continued performing with Epstein right after mastering he had been a predator, and facilitated his sex trafficking crimes.
The announcement arrives much more than a 7 days soon after JPMorgan CEO Jamie Dimon gave a deposition in the Epstein scenarios. On Friday, lawyers for the Epstein sufferer, referred to as Jane Doe 1 in paperwork, questioned the court docket to reopen Dimon’s deposition.
The accuser’s attorneys also sought to reopen the depositions of Mary Erdoes, who is CEO of JPMorgan’s asset and wealth management division Mary Casey, who was Epstein’s banker for about a 10 years at JPMorgan and a fourth person, only discovered in the submitting as JPMorgan’s “representative.” All four would be questioned about files turned about right after their initial depositions, according to a filing.
JPMorgan has denied wrongdoing and suggests it regrets getting had Epstein as a customer.
One particular of the late-generated paperwork was a timeline that referenced e-mails in which Staley asks Epstein a query. “Plaintiff would have confronted JPMC’s CEO, Mr. Dimon, with this document throughout his deposition had it been developed in a timely manner,” the filing explained.
Study the whole release:
JPMorgan Chase and Jane Doe 1 Reach Agreement to Settle Lawsuit in Epstein Subject
NEW YORK, June 12, 2023 –The get-togethers in Jane Doe 1 v. JPMorgan Chase Lender, N.A. have educated the Court that they have achieved an agreement in theory to settle the putative course motion lawsuit related to Jeffrey Epstein’s crimes, which is matter to court docket acceptance.
Litigation is still pending amongst the US Virgin Islands and JPMorgan Chase, as are JPMorgan Chase’s claims in opposition to Jes Staley.
The events imagine this settlement is in the best pursuits of all get-togethers, particularly the survivors who have been the victims of Epstein’s terrible abuse.
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