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

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Parties seek court approval of JPMorgan Chase $290 million settlement over Epstein ties | CNN Business
Indonesia Berita Terbaru,Indonesia Berita utama

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

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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.

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