agreed to pay about $290 million to settle a class action lawsuit by Jeffrey Epstein's victims, a person familiar with the matter said, resolving a large part of litigation over the bank's relationship with the disgraced financier.
Monday's accord would resolve claims against the largest U.S. bank by potentially more than 100 victims, led by a former ballet dancer known as Jane Doe 1, who said Epstein abused them when they were young women and teenage girls. In a statement, JPMorgan and lawyers for Epstein's victims said they had agreed in principle to settle the civil case."Any association with [Epstein] was a mistake and we regret it," JPMorgan said in a statement. "We would never have continued to do business with him if we believed he was using our bank in any way to help commit heinous crimes.", where Epstein was a client from 2013 to 2018, agreed to pay $75 million to end a similar lawsuit by Epstein victims.
A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar In a statement, the U.S. Virgin Islands said it "will continue to proceed with its enforcement action to ensure full accountability for JPMorgan's violations of law."
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