Settlements Call for Major Banks to Pay a Combined 365 Million Dollars
to Jeffrey Epstein's Abuse Victims
UPDATE: Strict deadlines have now been set for the two settlement funds.
Anyone who qualifies for the JP Morgan Chase settlement must submit claims by September 5, 2023. Anyone who qualifies for the fund but does not wish to be bound by its terms must opt out by August 7, 2023.
Those who qualify for the Deutsche Bank settlement must participate in a 2-part claims process. Initial ("Tier 1") forms must be submitted by August 12, 2023. The second set of forms ("Tier 2") must be submitted by August 27, 2023. The deadline to opt out of the settlement so as not to be bound by its terms is July 28, 2023.
The Deutsche Bank settlement approval hearing is set for October 20, 2023. The deadline to file objections to the plan is September 29, 2023.
The JP Morgan Chase settlement approval hearing is set for November 9, 2023. The deadline to file objections to the plan is October 19, 2023.
Original Post:
A federal court in New York recently gave preliminary approval to the settlement of a class action lawsuit against JP Morgan Chase for those sexually abused and assaulted by Jeffrey Epstein. According to the allegations of the lawsuit, JP Morgan Chase violated federal anti-human trafficking laws by knowingly profiting from Epstein's human trafficking enterprise and facilitating his abuse. More specifically, the lawsuit says the bank continued to profit from managing Epstein's money even after it knew or should have known that he was using his money to engage in a sex trafficking operation.
A proposed settlement calls for JP Morgan Chase to pay $290,000,000,00 toward a fund for anyone sexually abused or exploited by Epstein between 1998 and 2012 has been filed with the Court. A judge recently gave it a preliminary approval.
A similar lawsuit was filed against Deutsche Bank, which took over wealth management for Epstein in 2012. A preliminary settlement has been reached in that suit, which is styled as a class action, and calls for Deutsche Bank to pay $75,000,000.00 to those who qualify.
In 2020, the State of New York fined Deutsche Bank 150 million dollars after an investigation revealed that Deutsche Bank profited from managing Epstein's money, which it knew or should have known was being used in a human trafficking scheme.
The settlements would allow for payment to victims even if they have previously settled their lawsuits with other parties.
Horowitz Law attorneys Adam Horowitz and Jessica Arbour were among the first lawyers to sue Epstein after his arrest by Palm Beach Police in 2006. He was allowed to escape criminal liability in 2008 after US Attorney Alex Acosta offered him a "sweetheart deal" that later resulted in Acosta resigning as President Donald Trump's Secretary of Labor. Horowitz and Arbour later settled multiple civil claims against Epstein.
Anyone sexually abused or trafficked by Jeffrey Epstein from 1998 until the time of his death in August 2019 may be eligible to file a claim in the new class action funds. Contact us for more information.
Horowitz Law is a nationally recognized law firm representing victims and survivors of sexual abuse and has filed numerous sexual abuse claims on behalf of those who Jeffrey Epstein abused. If you were sexually abused, raped, or sexually molested, by Jeffrey Epstein, contact our law firm at 888-283-9922 or send an e-mail to sexual abuse lawyer Adam Horowitz at adam@adamhorowitzlaw.com for a free consultation.