The accord resolves claims in a proposed class action in Manhattan federal court by Epstein’s accusers, and was confirmed by their lawyers late on Wednesday. Court approval is required. Epstein had been a Deutsche Bank client from 2013 to 2018. He died in August 2019 in jail while awaiting trial for sex trafficking, in what New York City’s medical examiner called a suicide.
JPMorgan impact It wasn’t immediately clear how the settlement might affect JPMorgan Chase & Co, which faces similar but larger lawsuits by Epstein’s accusers and by the US Virgin Islands, where the financier had a home. Epstein was a JPMorgan client from 1998 to 2013, a period when he allegedly trafficked many more women and girls. Court papers have outlined many details about the bank’s alleged ignoring or turning a blind eye to Epstein’s activities.