Bank of America Settles Epstein Victims' Case
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Bank of America Settles Epstein Victims' Case
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Federal Judge Approves Bank of Americas $72.5M Settlement for Epstein Victims
A federal judge has given preliminary approval to Bank of Americas $72.5 million settlement with women who claim the bank helped enable their abuse by Jeffrey Epstein. The bank had previously faced claims it profited from Epsteins trafficking, but settled to move on and provide victims with some closure. The settlement comes after Judge Jed Rakoff ruled earlier this year that the bank had to face these claims. A final hearing is set for August 27th. Epstein took his own life in 2019 while awaiting trial on sex trafficking charges. The bank maintains it never aided any crimes. Meanwhile, lawyers for the women, including David Boies, have secured larger deals with other banks, such as JPMorgan Chase and Deutsche Bank, and are still fighting an appeal against Bank of New York Mellon.
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