JPMorgan Chase has reached a settlement in a class-action lawsuit with victims of financier Jeffrey Epstein.
Epstein was arrested in 2019 on federal expenses accusing him of paying underage women tons of of {dollars} in money for massages after which molesting them at his houses in Florida and New York. He was discovered useless in jail on Aug. 10 of that 12 months, at age 66. A medical expert dominated his demise a suicide.
Terms of the settlement weren’t disclosed.
“The parties believe this settlement is in the best interests of all parties, especially the survivors who were the victims of Epstein’s terrible abuse,” the financial institution stated in an announcement on Monday.
Litigation continues to be pending between the U.S. Virgin Islands and JPMorgan Chase, in addition to JPMorgan Chase’s claims towards Jes Staley.
The settlement is topic to court docket approval.
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