Fortune Sky is Your Go-to Source for the Latest Finance News, Covering Markets, Business, Industries and Internet.
⎯ 《 Fortune • Sky 》

JPMorgan Agrees to Pay $290 Million to Settle Epstein Suit

2023-06-23 11:56
JPMorgan Chase & Co. agreed to pay $290 million to settle a lawsuit alleging it knowingly benefited from
JPMorgan Agrees to Pay $290 Million to Settle Epstein Suit

JPMorgan Chase & Co. agreed to pay $290 million to settle a lawsuit alleging it knowingly benefited from former client Jeffrey Epstein’s sex trafficking, according to a court filing late Thursday.

The bank filed a notice of settlement in Manhattan federal court, saying the deal has the approval of the lead plaintiff, a victim of Epstein identified only as Jane Doe. The agreement must still be approved by a judge.