JPMorgan Chase reached a settlement in a class action lawsuit with victims of financier Jeffrey Epstein.
Epstein was arrested in 2019 on federal charges accusing him of paying underage girls hundreds of dollars in cash for massages and then molesting them at his homes in Florida and New York. He was found dead in jail on Aug. 10 of that year, at age 66. A medical examiner ruled his death a suicide.
Terms of the settlement are not 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 bank says in a statement.
Litigation is still pending between the US Virgin Islands and JPMorgan Chase, as well as JPMorgan Chase’s claims against Jes Staley.
The settlement is subject to court approval.
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