Bank of America agrees to pay $72.5 million to settle Epstein accusers' lawsuit
Bank of America will pay $72.5 million to settle a lawsuit from women accusing the bank of aiding Jeffrey Epstein's sex abuse.Summary
Bank of America has agreed to a $72.5 million settlement to resolve a civil lawsuit brought by women who allege the bank facilitated their sexual abuse by Jeffrey Epstein. The plaintiffs accused the bank of ignoring suspicious financial transactions linked to Epstein, prioritizing profit over victim protection. Judge Rakoff previously ruled that Bank of America must face claims of benefiting from Epstein’s trafficking. This settlement follows similar agreements with JPMorgan Chase ($290 million) and Deutsche Bank ($75 million). The agreement requires Judge Rakoff’s approval, with a hearing scheduled for Thursday, and the plaintiffs’ lawyers may seek up to 30% of the settlement for legal fees. The lawsuit highlighted payments made to Epstein by figures like Leon Black of Apollo Global Management, who has denied wrongdoing.
(Source：Reuters)