Parties seek court approval of JPMorgan Chase $290 million settlement over Epstein ties | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 95%

Business News News

Business Business Latest News,Business Business Headlines

Attorneys filed a preliminary plan to facilitate a $290 million settlement fund for JPMorgan Chase to compensate victims of Jeffrey Epstein.

If approved by a federal judge the settlement will resolve a class action lawsuit first brought on November 2022 alleging that the financial institution where Epstein banked for 15 years facilitated and enabled Epstein’s sex trafficking enterprise.

Attorneys for the parties have suggested Simone Lelchuk oversee the JPMC settlement process as she has already been appointed claims administrator for the Deutsche Bank settlement. Lelchuk also oversaw a claims fund to resolve sexual abuse claim against Harvey Weinstein and affiliated companies.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines